https://www.taxtmi.com/caselaws?id=440192 The Tribunal partly allowed the appeal concerning the addition of unexplained cash credits under Section 68 of the Income Tax Act for the assessment year 2012-13. The addition related to Gaurav Viradia was overturned as the appellant provided substantial evidence to establish the legitimacy of the transaction. However, the addition regarding Alpesh Patel was upheld due to the appellant's failure to prove the creditworthiness and genuineness of the transaction. en-us Wed, 05 Jul 2023 00:00:00 +0530 Wed, 12 Jul 2023 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440192 The Tribunal partly allowed the appeal concerning the addition of unexplained cash credits under Section 68 of the Income Tax Act for the assessment year 2012-13. The addition related to Gaurav Viradia was overturned as the appellant provided substantial evidence to establish the legitimacy of the transaction. However, the addition regarding Alpesh Patel was upheld due to the appellant's failure to prove the creditworthiness and genuineness of the transaction. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440192