https://www.taxtmi.com/caselaws?id=409131 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 8,20,00,000/- under Section 68 of the Income Tax Act, 1961. The assessee successfully proved the identity, creditworthiness, and genuineness of the transactions, while the revenue failed to provide evidence contradicting this. The Tribunal found no fault in the Ld. CIT(A)'s order and dismissed the revenue's appeal for Assessment Years 2011-12 and 2012-13, concluding that the additions were unjustified. en-us Mon, 28 Jun 2021 00:00:00 +0530 Wed, 30 Jun 2021 08:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409131 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 8,20,00,000/- under Section 68 of the Income Tax Act, 1961. The assessee successfully proved the identity, creditworthiness, and genuineness of the transactions, while the revenue failed to provide evidence contradicting this. The Tribunal found no fault in the Ld. CIT(A)'s order and dismissed the revenue's appeal for Assessment Years 2011-12 and 2012-13, concluding that the additions were unjustified. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409131