https://www.taxtmi.com/caselaws?id=331126 The court dismissed the appeals filed by the revenue against the Income Tax Appellate Tribunal's order, which deleted additions made under section 68 of the Income Tax Act for A.Y. 2006-07 and A.Y. 2007-08. The court upheld the Tribunal's decision, emphasizing that the assessee had provided sufficient evidence, including bank statements and PAN copies, to prove the genuineness of the transactions. The court found the Department's doubts regarding summons serving and lack of specific evidence unpersuasive, concluding that the Tribunal's factual findings did not warrant legal intervention. en-us Tue, 22 Mar 2016 00:00:00 +0530 Sat, 13 Aug 2016 12:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331126 The court dismissed the appeals filed by the revenue against the Income Tax Appellate Tribunal's order, which deleted additions made under section 68 of the Income Tax Act for A.Y. 2006-07 and A.Y. 2007-08. The court upheld the Tribunal's decision, emphasizing that the assessee had provided sufficient evidence, including bank statements and PAN copies, to prove the genuineness of the transactions. The court found the Department's doubts regarding summons serving and lack of specific evidence unpersuasive, concluding that the Tribunal's factual findings did not warrant legal intervention. Case-Laws Income Tax Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331126