https://www.taxtmi.com/caselaws?id=306647 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 62,70,19,448 under Section 68 of the Income Tax Act. It emphasized that conduit entities should not be taxed for unexplained cash credits, aligning with the Jurisdictional High Court's decision. The appeal was allowed, overturning the protective addition and specific reliefs denied by the Ld. CIT(A). en-us Tue, 01 Mar 2016 00:00:00 +0530 Thu, 16 Feb 2023 20:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306647 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 62,70,19,448 under Section 68 of the Income Tax Act. It emphasized that conduit entities should not be taxed for unexplained cash credits, aligning with the Jurisdictional High Court's decision. The appeal was allowed, overturning the protective addition and specific reliefs denied by the Ld. CIT(A). Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306647