https://www.taxtmi.com/caselaws?id=450878 The Appellate Tribunal ruled in favor of the appellant, deleting the addition of Rs. 130.60 Lacs as unexplained cash credit under Sec. 68. The Tribunal found no evidence of new capital introduction through banking channels, aligning with the precedent set by the Hon'ble Madras HC. The appeal was allowed, and the connected stay application was dismissed as infructuous. en-us Wed, 13 Mar 2024 00:00:00 +0530 Fri, 15 Mar 2024 07:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450878 The Appellate Tribunal ruled in favor of the appellant, deleting the addition of Rs. 130.60 Lacs as unexplained cash credit under Sec. 68. The Tribunal found no evidence of new capital introduction through banking channels, aligning with the precedent set by the Hon'ble Madras HC. The appeal was allowed, and the connected stay application was dismissed as infructuous. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450878