https://www.taxtmi.com/caselaws?id=308423 The case involved an appeal by the Revenue against the ITAT judgment regarding the addition of unexplained cash credit in the assessment year 2010-11. The Commissioner of Income Tax (Appeals) and the Tribunal both found that the assessee provided sufficient evidence to establish the genuineness of the transaction, creditworthiness of the payee, and payment source. The Tribunal upheld the deletion of the addition, citing similar evidence presented in a previous year's assessment. As no question of law arose, the Tax Appeal was dismissed. en-us Wed, 06 Sep 2017 00:00:00 +0530 Sun, 25 Jun 2023 11:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308423 The case involved an appeal by the Revenue against the ITAT judgment regarding the addition of unexplained cash credit in the assessment year 2010-11. The Commissioner of Income Tax (Appeals) and the Tribunal both found that the assessee provided sufficient evidence to establish the genuineness of the transaction, creditworthiness of the payee, and payment source. The Tribunal upheld the deletion of the addition, citing similar evidence presented in a previous year's assessment. As no question of law arose, the Tax Appeal was dismissed. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308423