https://www.taxtmi.com/caselaws?id=256952 The court upheld the decisions of the lower authorities, dismissing the Revenue's appeal against the CIT (A) and ITAT orders. The Revenue failed to disprove the genuineness of the transactions and lacked evidence to support their claims, leading to the rejection of their appeal. The court emphasized the importance of proper verification and individual scrutiny of transactions, citing legal precedents to support their decision. en-us Wed, 18 Feb 2015 00:00:00 +0530 Thu, 26 Feb 2015 05:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256952 The court upheld the decisions of the lower authorities, dismissing the Revenue's appeal against the CIT (A) and ITAT orders. The Revenue failed to disprove the genuineness of the transactions and lacked evidence to support their claims, leading to the rejection of their appeal. The court emphasized the importance of proper verification and individual scrutiny of transactions, citing legal precedents to support their decision. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256952