https://www.taxtmi.com/caselaws?id=326051 The Tribunal upheld the Ld. CIT (Appeals)'s decision to delete additions made by the AO under section 68 of the Income Tax Act for the Assessment Year 2005-06. The Tribunal dismissed the Revenue's appeal, finding that the additional evidence admitted during appellate proceedings did not violate Rule 46A and that the Assessee adequately explained the nature and source of the deposits, leading to the deletion of the addition of Rs. 57,10,566. The well-reasoned order of the Ld. CIT (Appeals) was upheld, and the Revenue's appeal was dismissed on 01-03-2016. en-us Tue, 01 Mar 2016 00:00:00 +0530 Tue, 05 Apr 2016 08:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326051 The Tribunal upheld the Ld. CIT (Appeals)'s decision to delete additions made by the AO under section 68 of the Income Tax Act for the Assessment Year 2005-06. The Tribunal dismissed the Revenue's appeal, finding that the additional evidence admitted during appellate proceedings did not violate Rule 46A and that the Assessee adequately explained the nature and source of the deposits, leading to the deletion of the addition of Rs. 57,10,566. The well-reasoned order of the Ld. CIT (Appeals) was upheld, and the Revenue's appeal was dismissed on 01-03-2016. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326051