https://www.taxtmi.com/caselaws?id=326437 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 23,95,000 as unexplained cash credit and Rs. 1,06,99,740 as commission income. The Tribunal found that the Assessing Officer's additions lacked proper evidence and were based on conjecture. The CIT(A) relied on established legal precedents and the documentary evidence provided by the assessee to support the genuineness of the transactions. The appeal by the Revenue was dismissed, affirming the deletion of the additions in their entirety. en-us Thu, 25 Feb 2016 00:00:00 +0530 Thu, 14 Apr 2016 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326437 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 23,95,000 as unexplained cash credit and Rs. 1,06,99,740 as commission income. The Tribunal found that the Assessing Officer's additions lacked proper evidence and were based on conjecture. The CIT(A) relied on established legal precedents and the documentary evidence provided by the assessee to support the genuineness of the transactions. The appeal by the Revenue was dismissed, affirming the deletion of the additions in their entirety. Case-Laws Income Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326437