https://www.taxtmi.com/caselaws?id=327330 The Tribunal allowed the assessee's appeal, dismissing the Revenue's appeal and directing the deletion of additions under Sections 68 and 69B of the Income-tax Act, 1961. The Tribunal upheld the deletions made by the Commissioner of Income-tax (Appeals), including the deletion of unaccounted payments for share purchases and alleged bribes for contract awards. The Tribunal found that certain amounts were business losses incidental to the business, allowing deductions under relevant sections of the Act. en-us Mon, 08 Feb 2016 00:00:00 +0530 Mon, 09 May 2016 00:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327330 The Tribunal allowed the assessee's appeal, dismissing the Revenue's appeal and directing the deletion of additions under Sections 68 and 69B of the Income-tax Act, 1961. The Tribunal upheld the deletions made by the Commissioner of Income-tax (Appeals), including the deletion of unaccounted payments for share purchases and alleged bribes for contract awards. The Tribunal found that certain amounts were business losses incidental to the business, allowing deductions under relevant sections of the Act. Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327330