https://www.taxtmi.com/caselaws?id=441941 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the addition of Rs. 1,48,50,000. The Tribunal determined that the assessee adequately proved the identity and creditworthiness of the lenders and the genuineness of the transactions. Additionally, the Tribunal criticized the CIT(A) for dismissing the additional evidence without sufficient justification, leading to the favorable outcome for the assessee. en-us Thu, 17 Aug 2023 00:00:00 +0530 Mon, 21 Aug 2023 08:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441941 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the addition of Rs. 1,48,50,000. The Tribunal determined that the assessee adequately proved the identity and creditworthiness of the lenders and the genuineness of the transactions. Additionally, the Tribunal criticized the CIT(A) for dismissing the additional evidence without sufficient justification, leading to the favorable outcome for the assessee. Case-Laws Income Tax Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441941