https://www.taxtmi.com/caselaws?id=329568 The Tribunal partly allowed the assessee's appeal by deleting the addition of Rs. 23,86,030 under section 68 of the Income Tax Act, finding the cash transactions properly recorded in the regular course of business. The Revenue's appeal against the deletion of the addition of Rs. 1,91,16,119 under section 69 was dismissed, as the Tribunal concluded the addition was based on assumptions without concrete evidence. The assessment order under section 153C read with section 153A was upheld, as the related grounds challenging its legality were dismissed. en-us Wed, 01 Jun 2016 00:00:00 +0530 Tue, 05 Jul 2016 22:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329568 The Tribunal partly allowed the assessee's appeal by deleting the addition of Rs. 23,86,030 under section 68 of the Income Tax Act, finding the cash transactions properly recorded in the regular course of business. The Revenue's appeal against the deletion of the addition of Rs. 1,91,16,119 under section 69 was dismissed, as the Tribunal concluded the addition was based on assumptions without concrete evidence. The assessment order under section 153C read with section 153A was upheld, as the related grounds challenging its legality were dismissed. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329568