https://www.taxtmi.com/caselaws?id=430657 The Tribunal upheld the decisions of the ld. CIT(A) to delete additions of Rs. 1,97,30,393/- and Rs. 93,92,892/- considered as unexplained Cash Credits under section 68 of the Act. Additionally, the Tribunal supported the deletion of Rs. 26,22,714/- considered as unexplained Expenditure under section 69C of the Act. The Tribunal found the explanations provided by the appellant satisfactory, noting genuine transactions and lack of justification for the additions. The revenue's appeal was dismissed, affirming the decisions of the ld. CIT(A) on all three issues. en-us Tue, 22 Nov 2022 00:00:00 +0530 Thu, 24 Nov 2022 10:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430657 The Tribunal upheld the decisions of the ld. CIT(A) to delete additions of Rs. 1,97,30,393/- and Rs. 93,92,892/- considered as unexplained Cash Credits under section 68 of the Act. Additionally, the Tribunal supported the deletion of Rs. 26,22,714/- considered as unexplained Expenditure under section 69C of the Act. The Tribunal found the explanations provided by the appellant satisfactory, noting genuine transactions and lack of justification for the additions. The revenue's appeal was dismissed, affirming the decisions of the ld. CIT(A) on all three issues. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430657