Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]

cash credit - transaction - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition of unexplained cash credit does not sustain when the creditworthiness and genuineness of the transaction are proven. The Assessee was represented by Shri C.S. Anand and the Revenue was represented by Shri Abhishek Kumar. The assessee appealed against the order dated…

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