https://www.taxtmi.com/caselaws?id=242177 The High Court dismissed the appeal, affirming the CIT (A) and Tribunal's decision. The additions made by the Assessing Officer were partly allowed based on market rates and disallowed for lack of proof of transaction genuineness. The judgment emphasized the significance of thorough evidence examination in tax matters to establish transaction genuineness and assess additions accurately. en-us Mon, 06 Jan 2014 00:00:00 +0530 Thu, 09 Jan 2014 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242177 The High Court dismissed the appeal, affirming the CIT (A) and Tribunal's decision. The additions made by the Assessing Officer were partly allowed based on market rates and disallowed for lack of proof of transaction genuineness. The judgment emphasized the significance of thorough evidence examination in tax matters to establish transaction genuineness and assess additions accurately. Case-Laws Income Tax Mon, 06 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242177