https://www.taxtmi.com/caselaws?id=406104 The Tribunal upheld the CIT (A)'s decision to delete the additions made under Section 68 of the Income Tax Act, finding that the assessee had adequately proven the identity, creditworthiness, and genuineness of transactions involving OFCDs. The reliance on outdated statements and reports by the AO was deemed insufficient, leading to the dismissal of Revenue's appeals and confirming the deletion of the additions. en-us Fri, 26 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406104 The Tribunal upheld the CIT (A)'s decision to delete the additions made under Section 68 of the Income Tax Act, finding that the assessee had adequately proven the identity, creditworthiness, and genuineness of transactions involving OFCDs. The reliance on outdated statements and reports by the AO was deemed insufficient, leading to the dismissal of Revenue's appeals and confirming the deletion of the additions. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406104