https://www.taxtmi.com/caselaws?id=432145 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal. The additions made by the AO were deleted as the assessee satisfactorily explained the transactions, proving identity, creditworthiness, and genuineness. The penalty under section 271(1)(c) was also deleted due to relief in the quantum appeal. The Tribunal's decision was pronounced on 17.11.2022. en-us Thu, 17 Nov 2022 00:00:00 +0530 Thu, 29 Dec 2022 09:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432145 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal. The additions made by the AO were deleted as the assessee satisfactorily explained the transactions, proving identity, creditworthiness, and genuineness. The penalty under section 271(1)(c) was also deleted due to relief in the quantum appeal. The Tribunal's decision was pronounced on 17.11.2022. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432145