https://www.taxtmi.com/caselaws?id=329909 The Tribunal upheld the deletion of the addition of Rs. 2,18,86,000/- made by the AO under Section 68 of the Income-tax Act, 1961, in favor of the assessee. It dismissed the Revenue's appeal regarding this issue. However, the Tribunal remanded the matter of the enhancement of income by Rs. 2,25,89,668/- by the CIT(A) back to the AO for fresh adjudication. The Tribunal directed the AO to verify relevant documents and re-examine the issue, providing the assessee with a fair opportunity. en-us Mon, 13 Jun 2016 00:00:00 +0530 Tue, 12 Jul 2016 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329909 The Tribunal upheld the deletion of the addition of Rs. 2,18,86,000/- made by the AO under Section 68 of the Income-tax Act, 1961, in favor of the assessee. It dismissed the Revenue's appeal regarding this issue. However, the Tribunal remanded the matter of the enhancement of income by Rs. 2,25,89,668/- by the CIT(A) back to the AO for fresh adjudication. The Tribunal directed the AO to verify relevant documents and re-examine the issue, providing the assessee with a fair opportunity. Case-Laws Income Tax Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329909