https://www.taxtmi.com/caselaws?id=781585 ITAT upheld the appellate order deleting additions under s.68 regarding cash credits in bank accounts, finding the AO failed to controvert CIT(A)'s conclusion that the assessee's own funds and net worth legitimately explained the transactions. Revenue's grounds 1-3 were dismissed. The tribunal also sustained deletion of an addition for interest, accepting that adequate interest-free funds existed for advances and that Revenue produced no contrary material. Accordingly, the CIT(A) order was treated as reasoned and not interfered with. en-us Wed, 15 Oct 2025 00:00:00 +0530 Sat, 15 Nov 2025 12:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781585 ITAT upheld the appellate order deleting additions under s.68 regarding cash credits in bank accounts, finding the AO failed to controvert CIT(A)'s conclusion that the assessee's own funds and net worth legitimately explained the transactions. Revenue's grounds 1-3 were dismissed. The tribunal also sustained deletion of an addition for interest, accepting that adequate interest-free funds existed for advances and that Revenue produced no contrary material. Accordingly, the CIT(A) order was treated as reasoned and not interfered with. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781585