https://www.taxtmi.com/caselaws?id=182346 The Tribunal dismissed the departmental appeals and Cross Objections, upholding the CIT (A)'s deletion of additions under section 68 of the Income Tax Act and invalidating the reassessment proceedings initiated by the Assessing Officer. The Tribunal found that the evidence provided by the assessee sufficiently proved the genuineness of the transactions, and the reassessment was deemed invalid due to the incorrect application of relevant tax provisions. The order was pronounced on 07.03.2012. en-us Wed, 07 Mar 2012 00:00:00 +0530 Thu, 12 May 2016 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182346 The Tribunal dismissed the departmental appeals and Cross Objections, upholding the CIT (A)'s deletion of additions under section 68 of the Income Tax Act and invalidating the reassessment proceedings initiated by the Assessing Officer. The Tribunal found that the evidence provided by the assessee sufficiently proved the genuineness of the transactions, and the reassessment was deemed invalid due to the incorrect application of relevant tax provisions. The order was pronounced on 07.03.2012. Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182346