https://www.taxtmi.com/caselaws?id=435074 The Tribunal confirmed the CIT(A)'s decision to delete the addition of Rs. 7.20 crore under Section 68 of the I.T. Act, as the assessee had proven the identity, creditworthiness, and genuineness of the transactions. The Tribunal did not address the validity of the assessment reopening, deeming it academic after upholding the deletion of the addition. The appeal of the Revenue and the cross-objection by the assessee were both dismissed. en-us Tue, 27 Dec 2022 00:00:00 +0530 Fri, 10 Mar 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435074 The Tribunal confirmed the CIT(A)'s decision to delete the addition of Rs. 7.20 crore under Section 68 of the I.T. Act, as the assessee had proven the identity, creditworthiness, and genuineness of the transactions. The Tribunal did not address the validity of the assessment reopening, deeming it academic after upholding the deletion of the addition. The appeal of the Revenue and the cross-objection by the assessee were both dismissed. Case-Laws Income Tax Tue, 27 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435074