https://www.taxtmi.com/caselaws?id=408947 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of Rs. 45,00,000 made under Section 68 of the Income Tax Act. The Tribunal found the assessee had provided sufficient evidence establishing the identity and creditworthiness of the companies and the genuineness of the transactions, contrary to the CIT(A)'s affirmation of the AO's action. en-us Mon, 14 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408947 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of Rs. 45,00,000 made under Section 68 of the Income Tax Act. The Tribunal found the assessee had provided sufficient evidence establishing the identity and creditworthiness of the companies and the genuineness of the transactions, contrary to the CIT(A)'s affirmation of the AO's action. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408947