https://www.taxtmi.com/caselaws?id=183769 The Tribunal allowed the assessee's appeal against the Commissioner of Income-tax (Appeals) for the assessment year 2009-10. The Tribunal accepted the additional grounds raised by the assessee, emphasizing the inapplicability of section 68 due to the absence of maintained books of account. Consequently, the Tribunal canceled the addition made based on the misapplied provisions of section 68, ultimately ruling in favor of the assessee on February 24, 2016. en-us Wed, 24 Feb 2016 00:00:00 +0530 Tue, 21 Jun 2016 10:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183769 The Tribunal allowed the assessee's appeal against the Commissioner of Income-tax (Appeals) for the assessment year 2009-10. The Tribunal accepted the additional grounds raised by the assessee, emphasizing the inapplicability of section 68 due to the absence of maintained books of account. Consequently, the Tribunal canceled the addition made based on the misapplied provisions of section 68, ultimately ruling in favor of the assessee on February 24, 2016. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183769