https://www.taxtmi.com/caselaws?id=217019 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete additions made by the Assessing Officer (AO) under Section 68 of the Income-tax Act, 1961, and in respect of low household withdrawals. The ITAT found that the assessee had provided adequate evidence to support the genuineness of the transactions and that the AO's additions were unjustified. Additionally, the ITAT noted the importance of allowing the assessee to cross-examine witnesses and the necessity for concrete evidence to support any additions made by the AO. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 28 Sep 2012 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217019 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete additions made by the Assessing Officer (AO) under Section 68 of the Income-tax Act, 1961, and in respect of low household withdrawals. The ITAT found that the assessee had provided adequate evidence to support the genuineness of the transactions and that the AO's additions were unjustified. Additionally, the ITAT noted the importance of allowing the assessee to cross-examine witnesses and the necessity for concrete evidence to support any additions made by the AO. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217019