https://www.taxtmi.com/caselaws?id=244971 The Tribunal upheld the addition under section 69 of the Income-tax Act, as the transactions were deemed not genuine due to the unproven existence of the advanced persons and doubts on the agreement's authenticity. The assessees' appeals were dismissed, with the Tribunal affirming the lower authorities' decision based on established business history and lack of evidence supporting the assessees' claims. The Tribunal found no infirmity in the lower authorities' orders and concluded that the assessees' cited judgments were not applicable to the case's factual context. en-us Fri, 28 Jan 2011 00:00:00 +0530 Fri, 14 Mar 2014 07:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244971 The Tribunal upheld the addition under section 69 of the Income-tax Act, as the transactions were deemed not genuine due to the unproven existence of the advanced persons and doubts on the agreement's authenticity. The assessees' appeals were dismissed, with the Tribunal affirming the lower authorities' decision based on established business history and lack of evidence supporting the assessees' claims. The Tribunal found no infirmity in the lower authorities' orders and concluded that the assessees' cited judgments were not applicable to the case's factual context. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244971