https://www.taxtmi.com/caselaws?id=390548 The tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal by deleting the addition of Rs. 3.25 crores as unexplained cash credits under Section 68. However, the tribunal upheld the disallowance of the depreciation claim, emphasizing the importance of proving transaction genuineness and correct application of Section 68, in line with established judicial precedents. en-us Fri, 03 Jan 2020 00:00:00 +0530 Mon, 06 Jan 2020 06:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390548 The tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal by deleting the addition of Rs. 3.25 crores as unexplained cash credits under Section 68. However, the tribunal upheld the disallowance of the depreciation claim, emphasizing the importance of proving transaction genuineness and correct application of Section 68, in line with established judicial precedents. Case-Laws Income Tax Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390548