https://www.taxtmi.com/caselaws?id=288451 The High Court upheld the Tribunal's decision to delete additions on account of cash credits under section 68 of the Income Tax Act, 1961. The Court found that the Tribunal's reliance on bank transactions and the genuineness of the parties involved was appropriate, as supported by evidence and legal precedents. The Court dismissed the appeals, affirming the settled law on the assessing officer's discretion in such cases. en-us Mon, 12 Sep 2005 00:00:00 +0530 Mon, 08 Jun 2020 12:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288451 The High Court upheld the Tribunal's decision to delete additions on account of cash credits under section 68 of the Income Tax Act, 1961. The Court found that the Tribunal's reliance on bank transactions and the genuineness of the parties involved was appropriate, as supported by evidence and legal precedents. The Court dismissed the appeals, affirming the settled law on the assessing officer's discretion in such cases. Case-Laws Income Tax Mon, 12 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288451