https://www.taxtmi.com/caselaws?id=754626 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, concerning the addition under Section 68 for the assessment year 2009-10. The Tribunal's order, which deleted the addition of Rs. 11,07,50,000, was upheld. The HC concluded that the Tribunal had adequately addressed the identity, creditworthiness, and genuineness of the transactions, rendering the matter factual with no substantial questions of law. Consequently, the appeal was dismissed, and the connected application was closed. en-us Wed, 19 Jun 2024 00:00:00 +0530 Thu, 27 Jun 2024 08:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754626 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, concerning the addition under Section 68 for the assessment year 2009-10. The Tribunal's order, which deleted the addition of Rs. 11,07,50,000, was upheld. The HC concluded that the Tribunal had adequately addressed the identity, creditworthiness, and genuineness of the transactions, rendering the matter factual with no substantial questions of law. Consequently, the appeal was dismissed, and the connected application was closed. Case-Laws Income Tax Wed, 19 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754626