https://www.taxtmi.com/caselaws?id=177721 The ITAT Mumbai allowed the appeal of the assessee, setting aside the additions made by the Assessing Officer under sections 68 and 69 of the Income Tax Act for the assessment year 2003-04. The Tribunal found the transactions to be genuine based on documentary evidence and lack of direct evidence against the assessee. Consequently, the additions were deemed unjustified, and the appeal was allowed in favor of the assessee, leading to the deletion of the consequential additions. en-us Wed, 19 Nov 2014 00:00:00 +0530 Sat, 16 Jan 2016 08:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177721 The ITAT Mumbai allowed the appeal of the assessee, setting aside the additions made by the Assessing Officer under sections 68 and 69 of the Income Tax Act for the assessment year 2003-04. The Tribunal found the transactions to be genuine based on documentary evidence and lack of direct evidence against the assessee. Consequently, the additions were deemed unjustified, and the appeal was allowed in favor of the assessee, leading to the deletion of the consequential additions. Case-Laws Income Tax Wed, 19 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177721