https://www.taxtmi.com/caselaws?id=411840 The tribunal upheld the CIT(A)'s order and the AO's addition of Rs. 7,30,00,000/- under Section 68 of the Income Tax Act. The assessee's appeal was dismissed as they failed to prove the genuineness of the transactions and the creditworthiness of the investors, as mandated by Section 68. The judgment was delivered on 30th August 2021. en-us Mon, 30 Aug 2021 00:00:00 +0530 Sat, 04 Sep 2021 08:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411840 The tribunal upheld the CIT(A)'s order and the AO's addition of Rs. 7,30,00,000/- under Section 68 of the Income Tax Act. The assessee's appeal was dismissed as they failed to prove the genuineness of the transactions and the creditworthiness of the investors, as mandated by Section 68. The judgment was delivered on 30th August 2021. Case-Laws Income Tax Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411840