https://www.taxtmi.com/caselaws?id=441003 The ITAT upheld the CIT(A)'s decision to delete the Rs. 3,60,00,000/- addition made by the A.O. under Section 68 of the Income Tax Act, 1961. The ITAT determined that the assessee sufficiently proved the identity, capacity, and creditworthiness of the lender company, as well as the genuineness of the transaction, leading to the dismissal of the revenue's appeal. en-us Fri, 28 Jul 2023 00:00:00 +0530 Mon, 31 Jul 2023 06:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441003 The ITAT upheld the CIT(A)'s decision to delete the Rs. 3,60,00,000/- addition made by the A.O. under Section 68 of the Income Tax Act, 1961. The ITAT determined that the assessee sufficiently proved the identity, capacity, and creditworthiness of the lender company, as well as the genuineness of the transaction, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441003