https://www.taxtmi.com/caselaws?id=285660 The ITAT upheld the CIT(A)'s decision in dismissing the Revenue's appeal. The addition of Rs. 14,35,000/- under unexplained cash credit u/s 68 was deleted as the assessee proved the identity, genuineness, and creditworthiness of the creditors. Additionally, relief of Rs. 50,000/- out of the total addition of Rs. 2,32,000/- was allowed due to the nature of expenses and lack of proper vouchers. The ITAT confirmed the CIT(A)'s order on both issues, leading to the dismissal of the Revenue's appeal. en-us Thu, 22 Apr 2010 00:00:00 +0530 Tue, 21 Jan 2020 09:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285660 The ITAT upheld the CIT(A)'s decision in dismissing the Revenue's appeal. The addition of Rs. 14,35,000/- under unexplained cash credit u/s 68 was deleted as the assessee proved the identity, genuineness, and creditworthiness of the creditors. Additionally, relief of Rs. 50,000/- out of the total addition of Rs. 2,32,000/- was allowed due to the nature of expenses and lack of proper vouchers. The ITAT confirmed the CIT(A)'s order on both issues, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 22 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285660