https://www.taxtmi.com/caselaws?id=177781 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee. It found that the assessee had proven the genuineness of the transactions, while criticizing the AO for lack of evidence and inadequate opportunity for defense. The revenue's appeal was dismissed, affirming the deletion of additions under section 68 of the Income Tax Act. en-us Thu, 24 Jan 2013 00:00:00 +0530 Wed, 07 Jun 2017 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177781 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee. It found that the assessee had proven the genuineness of the transactions, while criticizing the AO for lack of evidence and inadequate opportunity for defense. The revenue's appeal was dismissed, affirming the deletion of additions under section 68 of the Income Tax Act. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177781