https://www.taxtmi.com/caselaws?id=415282 The Tribunal allowed the appeal filed by the investment company, the assessee, in a case concerning the addition of Rs. 50,87,000 under Section 68 of the Income Tax Act, 1961. The Tribunal concluded that the assessee adequately proved the identity, creditworthiness, and genuineness of the transactions with supporting documentation. As a result, the addition was deemed unsustainable and was deleted from the total income, ruling in favor of the assessee. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 02 Dec 2021 08:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415282 The Tribunal allowed the appeal filed by the investment company, the assessee, in a case concerning the addition of Rs. 50,87,000 under Section 68 of the Income Tax Act, 1961. The Tribunal concluded that the assessee adequately proved the identity, creditworthiness, and genuineness of the transactions with supporting documentation. As a result, the addition was deemed unsustainable and was deleted from the total income, ruling in favor of the assessee. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415282