https://www.taxtmi.com/caselaws?id=442641 The HC upheld the ITAT's decision, dismissing the revenue's appeal on both issues. Regarding section 68, the ITAT found the assessee had demonstrated the identity, creditworthiness, and genuineness of transactions. On the gross profit restriction from URD purchases, the ITAT agreed with CIT (A) that the disclosed profit was sufficient, finding no substantial question of law. en-us Tue, 29 Aug 2023 00:00:00 +0530 Thu, 16 Apr 2026 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442641 The HC upheld the ITAT's decision, dismissing the revenue's appeal on both issues. Regarding section 68, the ITAT found the assessee had demonstrated the identity, creditworthiness, and genuineness of transactions. On the gross profit restriction from URD purchases, the ITAT agreed with CIT (A) that the disclosed profit was sufficient, finding no substantial question of law. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442641