https://www.taxtmi.com/caselaws?id=407775 The appeal for Assessment Year 2010-11 was dismissed due to the failure to prove the genuineness and creditworthiness of transactions, resulting in the addition of Rs. 4,50,000. For Assessment Year 2011-12, the appeal was partly allowed, with an addition of Rs. 2,80,000 confirmed and Rs. 32,20,000 deleted. The tribunal upheld the additions under Sections 68 and 69A of the Income Tax Act for the respective years. en-us Fri, 30 Apr 2021 00:00:00 +0530 Thu, 20 May 2021 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407775 The appeal for Assessment Year 2010-11 was dismissed due to the failure to prove the genuineness and creditworthiness of transactions, resulting in the addition of Rs. 4,50,000. For Assessment Year 2011-12, the appeal was partly allowed, with an addition of Rs. 2,80,000 confirmed and Rs. 32,20,000 deleted. The tribunal upheld the additions under Sections 68 and 69A of the Income Tax Act for the respective years. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407775