https://www.taxtmi.com/caselaws?id=294838 An assessee's cash credit was accepted as satisfactorily explained where the creditor was found to have sufficient funds to advance the amount, and that factual finding was upheld by the Tribunal. Subsequent reopening of the creditor's assessment and further enquiry did not displace the conclusion that the assessee had adequately explained the credit. The Tribunal was therefore right in sustaining deletion of the addition. en-us Wed, 31 Oct 1990 00:00:00 +0530 Wed, 05 May 2021 17:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294838 An assessee's cash credit was accepted as satisfactorily explained where the creditor was found to have sufficient funds to advance the amount, and that factual finding was upheld by the Tribunal. Subsequent reopening of the creditor's assessment and further enquiry did not displace the conclusion that the assessee had adequately explained the credit. The Tribunal was therefore right in sustaining deletion of the addition. Case-Laws Income Tax Wed, 31 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294838