https://www.taxtmi.com/caselaws?id=407575 The High Court upheld the Tribunal's decision regarding the challenge to the order under Section 260A of the Income Tax Act for the disallowance made under Section 68 for A.Y. 2008-2009. The Court found no substantial question of law, dismissing the appeal by the Revenue for lack of merit. The Tribunal's decision was affirmed, emphasizing that the assessee had successfully proven the identity and creditworthiness of the advances, leading to the rejection of the Revenue's argument for the entire addition under Section 68. en-us Wed, 31 Mar 2021 00:00:00 +0530 Fri, 14 May 2021 08:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407575 The High Court upheld the Tribunal's decision regarding the challenge to the order under Section 260A of the Income Tax Act for the disallowance made under Section 68 for A.Y. 2008-2009. The Court found no substantial question of law, dismissing the appeal by the Revenue for lack of merit. The Tribunal's decision was affirmed, emphasizing that the assessee had successfully proven the identity and creditworthiness of the advances, leading to the rejection of the Revenue's argument for the entire addition under Section 68. Case-Laws Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407575