https://www.taxtmi.com/caselaws?id=238932 The Tribunal upheld the decision of the ld. CIT(A) in deleting the addition made by the AO under section 69A of the IT Act, emphasizing the genuineness of the transactions. Concerns raised by the assessee regarding the validity of reassessment proceedings and procedural non-compliance were not addressed in detail as the additions were deleted on merits, rendering those issues academic. The departmental appeal challenging the deletion of the addition under section 69A was dismissed. en-us Wed, 07 Mar 2012 00:00:00 +0530 Wed, 23 Oct 2013 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238932 The Tribunal upheld the decision of the ld. CIT(A) in deleting the addition made by the AO under section 69A of the IT Act, emphasizing the genuineness of the transactions. Concerns raised by the assessee regarding the validity of reassessment proceedings and procedural non-compliance were not addressed in detail as the additions were deleted on merits, rendering those issues academic. The departmental appeal challenging the deletion of the addition under section 69A was dismissed. Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238932