https://www.taxtmi.com/caselaws?id=443323 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 68 of the Act. The Tribunal found that the assessee had adequately proven the identity, creditworthiness, and genuineness of the transactions, supported by documentary evidence. Emphasizing the continuity of genuine transactions and fulfillment of necessary requirements, the Tribunal deemed the addition made by the Assessing Officer unsustainable based on factual analysis and lack of contrary evidence from the Revenue. en-us Mon, 14 Aug 2023 00:00:00 +0530 Thu, 21 Sep 2023 07:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443323 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 68 of the Act. The Tribunal found that the assessee had adequately proven the identity, creditworthiness, and genuineness of the transactions, supported by documentary evidence. Emphasizing the continuity of genuine transactions and fulfillment of necessary requirements, the Tribunal deemed the addition made by the Assessing Officer unsustainable based on factual analysis and lack of contrary evidence from the Revenue. Case-Laws Income Tax Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443323