https://www.taxtmi.com/caselaws?id=420243 The Tribunal upheld the First Appellate Authority's decision to delete the addition of Rs. 4 crores as unexplained cash credit, ruling that the entry was fictitious and did not involve actual funds. The Tribunal emphasized the significance of actual fund flow in determining tax liability under Section 68 of the Income Tax Act, ultimately dismissing the revenue's appeal. en-us Fri, 25 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 08:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420243 The Tribunal upheld the First Appellate Authority's decision to delete the addition of Rs. 4 crores as unexplained cash credit, ruling that the entry was fictitious and did not involve actual funds. The Tribunal emphasized the significance of actual fund flow in determining tax liability under Section 68 of the Income Tax Act, ultimately dismissing the revenue's appeal. Case-Laws Income Tax Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420243