https://www.taxtmi.com/caselaws?id=438138 The Tribunal allowed the appeal, directing the AO to delete the addition of Rs. 11,00,000/- under section 68 of the Income Tax Act from the assessee's income. The Tribunal held that the amount should have been added in the hands of another party involved in the transaction, as the original source of the funds was not with the present assessee. The decision overturned the order of the Ld. CIT(A) and relieved the assessee from the tax liability associated with the disputed cash credit. en-us Wed, 26 Apr 2023 00:00:00 +0530 Tue, 23 May 2023 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438138 The Tribunal allowed the appeal, directing the AO to delete the addition of Rs. 11,00,000/- under section 68 of the Income Tax Act from the assessee's income. The Tribunal held that the amount should have been added in the hands of another party involved in the transaction, as the original source of the funds was not with the present assessee. The decision overturned the order of the Ld. CIT(A) and relieved the assessee from the tax liability associated with the disputed cash credit. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438138