https://www.taxtmi.com/caselaws?id=303928 The Tribunal allowed the appeal in part by deleting the addition of Rs. 4,50,000 as unexplained cash credit under section 68 of the Income Tax Act. The Tribunal found that the assessee had provided sufficient evidence to prove the genuineness of the transactions. However, the grounds related to the levy of interest under sections 234A, 234B, 234C, and 234D, as well as the initiation of penalty under section 271(1)(c), were dismissed due to lack of prosecution by the assessee's Authorized Representative. en-us Tue, 15 Feb 2011 00:00:00 +0530 Thu, 25 Aug 2022 15:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303928 The Tribunal allowed the appeal in part by deleting the addition of Rs. 4,50,000 as unexplained cash credit under section 68 of the Income Tax Act. The Tribunal found that the assessee had provided sufficient evidence to prove the genuineness of the transactions. However, the grounds related to the levy of interest under sections 234A, 234B, 234C, and 234D, as well as the initiation of penalty under section 271(1)(c), were dismissed due to lack of prosecution by the assessee's Authorized Representative. Case-Laws Income Tax Tue, 15 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303928