https://www.taxtmi.com/caselaws?id=293617 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,26,30,000 made by the Assessing Officer regarding cash credit received from M/s Shree Radha Commodity Services. The CIT(A) found that the cash deposits in M/s Shree Radha Commodity Services' bank account were genuine and accepted as explained in the assessment, leading to the conclusion that the amount received by the assessee through banking channels was not unexplained. The Tribunal dismissed both the Department's appeal and the Assessee's cross objection, affirming the deletion of the addition. en-us Thu, 03 Oct 2019 00:00:00 +0530 Sat, 20 Feb 2021 21:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293617 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,26,30,000 made by the Assessing Officer regarding cash credit received from M/s Shree Radha Commodity Services. The CIT(A) found that the cash deposits in M/s Shree Radha Commodity Services' bank account were genuine and accepted as explained in the assessment, leading to the conclusion that the amount received by the assessee through banking channels was not unexplained. The Tribunal dismissed both the Department's appeal and the Assessee's cross objection, affirming the deletion of the addition. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293617