https://www.taxtmi.com/caselaws?id=329773 The Tribunal allowed the appeal, setting aside additions made by the Assessing Officer regarding income from undisclosed sources, purchase amount of shares of M/s. Kiri Dyes and Mahar Poly, and commission payable on accommodation entries. The Tribunal found the transactions genuine, supported by documents, and noted the failure of the authorities to prove them as bogus. The judgment highlighted the necessity for tax authorities to establish the authenticity of transactions and bear the burden of proof for alleged discrepancies. en-us Mon, 29 Feb 2016 00:00:00 +0530 Sat, 09 Jul 2016 11:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329773 The Tribunal allowed the appeal, setting aside additions made by the Assessing Officer regarding income from undisclosed sources, purchase amount of shares of M/s. Kiri Dyes and Mahar Poly, and commission payable on accommodation entries. The Tribunal found the transactions genuine, supported by documents, and noted the failure of the authorities to prove them as bogus. The judgment highlighted the necessity for tax authorities to establish the authenticity of transactions and bear the burden of proof for alleged discrepancies. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329773