https://www.taxtmi.com/caselaws?id=57259 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO for unexplained cash credits totaling Rs. 5,58,436 under various names. The Tribunal found that the assessee had sufficiently demonstrated the identity, source, and transaction of the creditors through affidavits, sale deeds, and bank statements. The AO's inability to disprove the explanations provided by the creditors led to the dismissal of the Revenue's appeal, affirming the CIT(A)'s order. en-us Tue, 31 Aug 2004 00:00:00 +0530 Mon, 01 Jul 2024 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57259 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO for unexplained cash credits totaling Rs. 5,58,436 under various names. The Tribunal found that the assessee had sufficiently demonstrated the identity, source, and transaction of the creditors through affidavits, sale deeds, and bank statements. The AO's inability to disprove the explanations provided by the creditors led to the dismissal of the Revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57259