https://www.taxtmi.com/caselaws?id=257875 The SC upheld the Tribunal's decision to delete additions under section 68 of the Income Tax Act. The Tribunal found the Revenue lacked substantial evidence to challenge the genuineness of transactions after the assessee met the initial burden. The Court emphasized the importance of concrete evidence once the assessee establishes prima facie proof, leading to the dismissal of appeals. The decision highlighted the significance of factual findings and the burden of proof in tax cases. en-us Tue, 03 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 06:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257875 The SC upheld the Tribunal's decision to delete additions under section 68 of the Income Tax Act. The Tribunal found the Revenue lacked substantial evidence to challenge the genuineness of transactions after the assessee met the initial burden. The Court emphasized the importance of concrete evidence once the assessee establishes prima facie proof, leading to the dismissal of appeals. The decision highlighted the significance of factual findings and the burden of proof in tax cases. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257875