https://www.taxtmi.com/caselaws?id=429471 The Tribunal upheld the Commissioner's decision to confirm the addition of Rs. 32,51,00,000 as unexplained cash credits under section 68 of the Income-tax Act for the assessment year 2012-13. The Tribunal found that the appellant failed to provide plausible explanations and evidence regarding the genuineness of the transactions, leading to the dismissal of all grounds of appeal raised by the assessee. The appeal challenging only the addition under section 68 was ultimately dismissed, affirming the Commissioner's decision. en-us Thu, 29 Sep 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429471 The Tribunal upheld the Commissioner's decision to confirm the addition of Rs. 32,51,00,000 as unexplained cash credits under section 68 of the Income-tax Act for the assessment year 2012-13. The Tribunal found that the appellant failed to provide plausible explanations and evidence regarding the genuineness of the transactions, leading to the dismissal of all grounds of appeal raised by the assessee. The appeal challenging only the addition under section 68 was ultimately dismissed, affirming the Commissioner's decision. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429471