https://www.taxtmi.com/caselaws?id=304277 The ITAT dismissed the Revenue's appeal, affirming the Commissioner's order to delete the addition under section 68 of the Income Tax Act. The judgment emphasized the importance of establishing the identity, creditworthiness, and genuineness of transactions, highlighting the need for proper verification rather than relying solely on external information. en-us Thu, 17 May 2018 00:00:00 +0530 Sat, 17 Sep 2022 07:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304277 The ITAT dismissed the Revenue's appeal, affirming the Commissioner's order to delete the addition under section 68 of the Income Tax Act. The judgment emphasized the importance of establishing the identity, creditworthiness, and genuineness of transactions, highlighting the need for proper verification rather than relying solely on external information. Case-Laws Income Tax Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304277