https://www.taxtmi.com/caselaws?id=240814 The Tribunal ruled in favor of the assessee regarding the addition made under section 68 of the Income-tax Act, holding that the assessee had sufficiently demonstrated the legitimacy of the transactions. The issue concerning compensation received on the cancellation of gala booking was dismissed as not pressed. The appeal was partly allowed, with the decision pronounced on 4/12/2013. en-us Wed, 04 Dec 2013 00:00:00 +0530 Thu, 12 Dec 2013 09:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240814 The Tribunal ruled in favor of the assessee regarding the addition made under section 68 of the Income-tax Act, holding that the assessee had sufficiently demonstrated the legitimacy of the transactions. The issue concerning compensation received on the cancellation of gala booking was dismissed as not pressed. The appeal was partly allowed, with the decision pronounced on 4/12/2013. Case-Laws Income Tax Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240814