https://www.taxtmi.com/caselaws?id=262687 The Tribunal allowed the appeal, deleting the addition of Rs. 1,90,00,000 under Section 68 and the adhoc disallowance of Rs. 5,00,000 for vehicle expenses and Rs. 46,532 for depreciation. Interest charged under Sections 234B and 234C was deemed consequential. The Tribunal found the assessee had provided sufficient evidence to prove the genuineness of transactions under Section 68, leading to the deletion of the addition. en-us Fri, 07 Aug 2015 00:00:00 +0530 Tue, 05 Jan 2016 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262687 The Tribunal allowed the appeal, deleting the addition of Rs. 1,90,00,000 under Section 68 and the adhoc disallowance of Rs. 5,00,000 for vehicle expenses and Rs. 46,532 for depreciation. Interest charged under Sections 234B and 234C was deemed consequential. The Tribunal found the assessee had provided sufficient evidence to prove the genuineness of transactions under Section 68, leading to the deletion of the addition. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262687