https://www.taxtmi.com/caselaws?id=402437 The Commissioner of Income Tax (Appeals) was justified in deleting the addition made under Section 68 of the Income Tax Act, as the assessee successfully proved the identity, creditworthiness, and genuineness of the loan transactions. Additionally, the Tribunal upheld the Commissioner's decision to admit additional evidences, dismissing the revenue's contention. Consequently, the appeal filed by the revenue was dismissed. en-us Wed, 30 Dec 2020 00:00:00 +0530 Fri, 01 Jan 2021 10:37:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402437 The Commissioner of Income Tax (Appeals) was justified in deleting the addition made under Section 68 of the Income Tax Act, as the assessee successfully proved the identity, creditworthiness, and genuineness of the loan transactions. Additionally, the Tribunal upheld the Commissioner's decision to admit additional evidences, dismissing the revenue's contention. Consequently, the appeal filed by the revenue was dismissed. Case-Laws Income Tax Wed, 30 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402437