https://www.taxtmi.com/caselaws?id=393636 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order that deleted the addition of Rs. 2,74,00,000 under Section 68 of the Income Tax Act. The Tribunal found that the assessee successfully proved the identity, capacity, and genuineness of the loan creditors. It was noted that the AO's failure to allow cross-examination of the creditors violated principles of natural justice. en-us Tue, 11 Feb 2020 00:00:00 +0530 Fri, 20 Mar 2020 13:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393636 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order that deleted the addition of Rs. 2,74,00,000 under Section 68 of the Income Tax Act. The Tribunal found that the assessee successfully proved the identity, capacity, and genuineness of the loan creditors. It was noted that the AO's failure to allow cross-examination of the creditors violated principles of natural justice. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393636