https://www.taxtmi.com/caselaws?id=177753 The Tribunal allowed the appeal partly, ruling in favor of the assessee. The addition of Rs. 27,13,500/- under Section 68 of the Income Tax Act was deleted as the assessing officer failed to verify the details submitted by the assessee, shifting the onus to point out defects. The Tribunal found the assessing officer's reliance on general information without conducting a proper investigation unjustified. Consequently, the addition of Rs. 13,500/- as commission for arranging accommodation entries was also deleted. The appeal was partly allowed due to the lack of sustainable additions by the assessing officer. en-us Fri, 03 May 2013 00:00:00 +0530 Fri, 28 Apr 2017 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177753 The Tribunal allowed the appeal partly, ruling in favor of the assessee. The addition of Rs. 27,13,500/- under Section 68 of the Income Tax Act was deleted as the assessing officer failed to verify the details submitted by the assessee, shifting the onus to point out defects. The Tribunal found the assessing officer's reliance on general information without conducting a proper investigation unjustified. Consequently, the addition of Rs. 13,500/- as commission for arranging accommodation entries was also deleted. The appeal was partly allowed due to the lack of sustainable additions by the assessing officer. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177753