https://www.taxtmi.com/caselaws?id=220465 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 13,50,000 as unexplained receipt from jewellery sale, finding that the Revenue failed to prove its case while the respondent provided sufficient evidence of the transaction's genuineness. The Tribunal concluded that the Commissioner's decision was justified, dismissing the Revenue's appeal. The Court upheld the decision, noting the respondent's submission of substantial evidence, including confirmation of transactions and payment through a bank draft, supporting the genuineness of the jewellery sale. en-us Fri, 04 Jan 2013 00:00:00 +0530 Fri, 25 Jan 2013 06:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220465 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 13,50,000 as unexplained receipt from jewellery sale, finding that the Revenue failed to prove its case while the respondent provided sufficient evidence of the transaction's genuineness. The Tribunal concluded that the Commissioner's decision was justified, dismissing the Revenue's appeal. The Court upheld the decision, noting the respondent's submission of substantial evidence, including confirmation of transactions and payment through a bank draft, supporting the genuineness of the jewellery sale. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220465