https://www.taxtmi.com/caselaws?id=61412 The ITAT allowed the Revenue's appeal, overturning the CIT(A)'s decision and reinstating the AO's order to add Rs. 95,000 to the assessee's income under section 68 of the IT Act. The ITAT held that the cash credits were not adequately proven as genuine, emphasizing the necessity of establishing the creditworthiness of creditors to substantiate cash credits. en-us Wed, 09 Jul 2003 00:00:00 +0530 Wed, 12 Jan 2011 15:31:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61412 The ITAT allowed the Revenue's appeal, overturning the CIT(A)'s decision and reinstating the AO's order to add Rs. 95,000 to the assessee's income under section 68 of the IT Act. The ITAT held that the cash credits were not adequately proven as genuine, emphasizing the necessity of establishing the creditworthiness of creditors to substantiate cash credits. Case-Laws Income Tax Wed, 09 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61412