https://www.taxtmi.com/caselaws?id=257674 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 30,50,000 made by the AO under section 69 of the Income Tax Act, 1961. The Tribunal emphasized the lack of evidence linking the credits to the assessee and the absence of cross-examination and corroborative evidence. The decision was in line with judicial precedents and similar cases, leading to the dismissal of the Revenue's appeal. en-us Thu, 05 Mar 2015 00:00:00 +0530 Wed, 18 Mar 2015 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257674 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 30,50,000 made by the AO under section 69 of the Income Tax Act, 1961. The Tribunal emphasized the lack of evidence linking the credits to the assessee and the absence of cross-examination and corroborative evidence. The decision was in line with judicial precedents and similar cases, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257674