Supreme Today AI
February 7, 2025 at 07:34 AM
SupremeToday AI - Tax Law
The Income Tax Appellate Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,68,55,71,440 as unexplained cash credit, affirming that the Assessee had sufficiently demonstrated the genuineness of the transaction and the creditworthiness of the purchaser, Tau Investment.
https://supremetoday.ai/doc/news/IND_ITAT_ITA_1085_MUM_2024