https://www.taxtmi.com/caselaws?id=237655 The High Court dismissed the Income Tax Appeal, affirming the admission of additional evidence under Rule 46-A by the CIT (A) and the Tribunal. The Court found the evidence crucial in establishing the genuineness of the transaction, leading to the deletion of the addition made by the AO. The department's challenge was deemed without merit, as both lower authorities provided valid reasons for their decisions, ultimately upholding the authenticity of the transaction in question. en-us Mon, 15 Jul 2013 00:00:00 +0530 Fri, 04 Oct 2013 01:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237655 The High Court dismissed the Income Tax Appeal, affirming the admission of additional evidence under Rule 46-A by the CIT (A) and the Tribunal. The Court found the evidence crucial in establishing the genuineness of the transaction, leading to the deletion of the addition made by the AO. The department's challenge was deemed without merit, as both lower authorities provided valid reasons for their decisions, ultimately upholding the authenticity of the transaction in question. Case-Laws Income Tax Mon, 15 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237655