https://www.taxtmi.com/caselaws?id=206236 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 68 of the IT Act, 1961, and to admit the additional evidence. The Tribunal found that the assessee had established the identity, creditworthiness, and genuineness of the transactions, and there was no merit in the addition made by the AO. The Tribunal also concluded that the CIT(A) had followed due process in admitting the additional evidence and providing an opportunity for the AO to examine it. en-us Wed, 08 Dec 2010 00:00:00 +0530 Wed, 19 Oct 2011 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206236 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 68 of the IT Act, 1961, and to admit the additional evidence. The Tribunal found that the assessee had established the identity, creditworthiness, and genuineness of the transactions, and there was no merit in the addition made by the AO. The Tribunal also concluded that the CIT(A) had followed due process in admitting the additional evidence and providing an opportunity for the AO to examine it. Case-Laws Income Tax Wed, 08 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206236