https://www.taxtmi.com/caselaws?id=183767 The Tribunal ruled in favor of the assessee, holding that the addition of Rs. 12,00,000 to the income was unjustified under section 69 of the Income Tax Act. The Tribunal found that the application of section 68 by the AO was incorrect, and the ld. CIT(A) erred in confirming the addition under section 69. Therefore, the Tribunal allowed the assessee's appeal and pronounced the judgment on 14th December 2015, deleting the contested addition. en-us Mon, 14 Dec 2015 00:00:00 +0530 Tue, 21 Jun 2016 10:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183767 The Tribunal ruled in favor of the assessee, holding that the addition of Rs. 12,00,000 to the income was unjustified under section 69 of the Income Tax Act. The Tribunal found that the application of section 68 by the AO was incorrect, and the ld. CIT(A) erred in confirming the addition under section 69. Therefore, the Tribunal allowed the assessee's appeal and pronounced the judgment on 14th December 2015, deleting the contested addition. Case-Laws Income Tax Mon, 14 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183767