https://www.taxtmi.com/caselaws?id=284947 The Tribunal set aside the CIT(A)'s order and restored the Assessing Officer's addition of Rs. 1.17 crores under Section 68 of the Income Tax Act. The Tribunal held that the assessee failed to prove the creditworthiness of the investors and the genuineness of the transactions, supporting the Revenue's appeal. en-us Thu, 18 Apr 2019 00:00:00 +0530 Wed, 18 Dec 2019 10:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284947 The Tribunal set aside the CIT(A)'s order and restored the Assessing Officer's addition of Rs. 1.17 crores under Section 68 of the Income Tax Act. The Tribunal held that the assessee failed to prove the creditworthiness of the investors and the genuineness of the transactions, supporting the Revenue's appeal. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284947