https://www.taxtmi.com/caselaws?id=759748 The Tribunal allowed the assessee's appeal, overturning the Assessing Officer's addition of Rs.35,29,394 under Section 68 of the Income Tax Act. The Tribunal found the cash transactions during the demonetization period to be genuine, supported by stock registers and family evidence. The transactions related to the purchase and sale of jewelry were deemed legitimate and properly recorded, leading to the dismissal of the unexplained cash credit claim. The decision was pronounced in open court on 4th June 2024. en-us Tue, 04 Jun 2024 00:00:00 +0530 Sat, 05 Oct 2024 13:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759748 The Tribunal allowed the assessee's appeal, overturning the Assessing Officer's addition of Rs.35,29,394 under Section 68 of the Income Tax Act. The Tribunal found the cash transactions during the demonetization period to be genuine, supported by stock registers and family evidence. The transactions related to the purchase and sale of jewelry were deemed legitimate and properly recorded, leading to the dismissal of the unexplained cash credit claim. The decision was pronounced in open court on 4th June 2024. Case-Laws Income Tax Tue, 04 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759748