https://www.taxtmi.com/caselaws?id=293935 The High Court dismissed the appeal under Section 260A of the Income Tax Act, upholding the tribunal's decision that the assessee did not have unexplained cash credit chargeable to income tax. The Court emphasized the absence of incriminating evidence, noting that the additions made were not based on such material. The CIT(A) also supported the assessee, ruling that no incriminating documents were found during search operations. The High Court affirmed the tribunal's findings, highlighting its role as the final fact-finding authority and concluding that no substantial legal issues were present in the case. en-us Mon, 24 Feb 2020 00:00:00 +0530 Wed, 10 Mar 2021 08:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293935 The High Court dismissed the appeal under Section 260A of the Income Tax Act, upholding the tribunal's decision that the assessee did not have unexplained cash credit chargeable to income tax. The Court emphasized the absence of incriminating evidence, noting that the additions made were not based on such material. The CIT(A) also supported the assessee, ruling that no incriminating documents were found during search operations. The High Court affirmed the tribunal's findings, highlighting its role as the final fact-finding authority and concluding that no substantial legal issues were present in the case. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293935