https://www.taxtmi.com/caselaws?id=433425 The Tribunal dismissed the Revenue's appeal against the deletion of Rs.5,00,00,000 added as income from undisclosed sources under section 68 of the IT Act for the assessment year 2013-14. The CIT (A) deleted the addition after the assessee proved the identity, creditworthiness, and genuineness of the transactions with M/s Vedanga Vinimoy Pvt. Ltd. and M/s R P Dealers Pvt. Ltd. The Tribunal upheld the CIT (A)'s decision, finding no legal infirmity, as the assessee had adequately substantiated the legitimacy of the transactions. en-us Thu, 19 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 10:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433425 The Tribunal dismissed the Revenue's appeal against the deletion of Rs.5,00,00,000 added as income from undisclosed sources under section 68 of the IT Act for the assessment year 2013-14. The CIT (A) deleted the addition after the assessee proved the identity, creditworthiness, and genuineness of the transactions with M/s Vedanga Vinimoy Pvt. Ltd. and M/s R P Dealers Pvt. Ltd. The Tribunal upheld the CIT (A)'s decision, finding no legal infirmity, as the assessee had adequately substantiated the legitimacy of the transactions. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433425