https://www.taxtmi.com/caselaws?id=392646 The Tribunal deleted the addition of Rs. 1,50,00,000 made under Section 68 of the Income Tax Act, as the assessee successfully proved the identity, creditworthiness, and genuineness of the transaction. Consequently, the legal issue regarding the validity of the enhancement became academic and was rendered infructuous. The appeal of the assessee was allowed. en-us Mon, 27 Jan 2020 00:00:00 +0530 Tue, 25 Feb 2020 06:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392646 The Tribunal deleted the addition of Rs. 1,50,00,000 made under Section 68 of the Income Tax Act, as the assessee successfully proved the identity, creditworthiness, and genuineness of the transaction. Consequently, the legal issue regarding the validity of the enhancement became academic and was rendered infructuous. The appeal of the assessee was allowed. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392646