https://www.taxtmi.com/caselaws?id=306341 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision, providing full relief to the assessee. The Tribunal found that the assessee adequately proved the identity, creditworthiness, and genuineness of the lender companies, while criticizing the AO for insufficient investigations and reliance on unsubstantiated inferences. Consequently, the remaining addition of Rs. 6,58,49,749/- was deleted. en-us Tue, 31 Dec 2019 00:00:00 +0530 Mon, 23 Jan 2023 18:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306341 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision, providing full relief to the assessee. The Tribunal found that the assessee adequately proved the identity, creditworthiness, and genuineness of the lender companies, while criticizing the AO for insufficient investigations and reliance on unsubstantiated inferences. Consequently, the remaining addition of Rs. 6,58,49,749/- was deleted. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306341