https://www.taxtmi.com/caselaws?id=68671 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 66,90,330 as unexplained cash credit under section 68 and Rs. 3,35,000 for unaccounted commission paid for long-term capital gains on shares. The Tribunal found that the evidence provided by the assessee, including broker statements and share certificate numbers, was sufficient to establish the genuineness of the transactions and the commission payment, and that the AO failed to conduct thorough investigations to prove otherwise. en-us Mon, 11 Aug 2008 00:00:00 +0530 Sun, 10 Dec 2023 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68671 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 66,90,330 as unexplained cash credit under section 68 and Rs. 3,35,000 for unaccounted commission paid for long-term capital gains on shares. The Tribunal found that the evidence provided by the assessee, including broker statements and share certificate numbers, was sufficient to establish the genuineness of the transactions and the commission payment, and that the AO failed to conduct thorough investigations to prove otherwise. Case-Laws Income Tax Mon, 11 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68671