https://www.taxtmi.com/caselaws?id=770821 The HC considered a case involving unexplained cash credits under section 68 of the Income Tax Act. The Tribunal deleted an addition of Rs. 15,00,000/- based on the non-retrospective applicability of source verification provisions for AY 2011-12. The HC declined to interfere, noting the limited tax effect, but left open substantial legal questions regarding the evidentiary requirements for establishing the genuineness of cash credit transactions. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770821 The HC considered a case involving unexplained cash credits under section 68 of the Income Tax Act. The Tribunal deleted an addition of Rs. 15,00,000/- based on the non-retrospective applicability of source verification provisions for AY 2011-12. The HC declined to interfere, noting the limited tax effect, but left open substantial legal questions regarding the evidentiary requirements for establishing the genuineness of cash credit transactions. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770821