https://www.taxtmi.com/caselaws?id=262093 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition under Section 68 of the Income Tax Act, citing inadequate inquiries by the Assessing Officer and substantial evidence provided by the assessee. Additionally, the Tribunal confirmed the invalidity of proceedings under Section 153A due to the absence of incriminating material, in line with the All Cargo Global Logistics Ltd. case precedent. en-us Fri, 29 May 2015 00:00:00 +0530 Sat, 01 Aug 2015 08:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262093 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition under Section 68 of the Income Tax Act, citing inadequate inquiries by the Assessing Officer and substantial evidence provided by the assessee. Additionally, the Tribunal confirmed the invalidity of proceedings under Section 153A due to the absence of incriminating material, in line with the All Cargo Global Logistics Ltd. case precedent. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262093