https://www.taxtmi.com/caselaws?id=294792 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) in two cases, ruling in favor of the assessee and dismissing the appeals filed by the Revenue. In both instances, the Tribunal found that the assessing officer failed to prove any negation of identity, creditworthiness, or genuineness of the transactions with M/s. Basant Marketing Pvt. Ltd. Consequently, the additions of Unexplained Cash Credit under section 68 of the Income Tax Act, 1961 were deleted, and the appeals by the Revenue were dismissed. en-us Wed, 26 Jun 2019 00:00:00 +0530 Mon, 03 May 2021 21:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294792 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) in two cases, ruling in favor of the assessee and dismissing the appeals filed by the Revenue. In both instances, the Tribunal found that the assessing officer failed to prove any negation of identity, creditworthiness, or genuineness of the transactions with M/s. Basant Marketing Pvt. Ltd. Consequently, the additions of Unexplained Cash Credit under section 68 of the Income Tax Act, 1961 were deleted, and the appeals by the Revenue were dismissed. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294792