https://www.taxtmi.com/caselaws?id=332393 The ITAT set aside the Ld. CIT(A)'s order and directed the Ld. AO to conduct further inquiries regarding the addition of Rs. 99,00,000 under section 68 of the I.T. Act. The case emphasized the need for all relevant facts to be presented before reaching a decision. The burden of proof was on the assessee to demonstrate they were not involved in any alleged misconduct. The matter was remanded for a fresh assessment to ensure a comprehensive examination of the facts, with both the appeal and cross objection allowed for statistical purposes. en-us Thu, 04 Aug 2016 00:00:00 +0530 Wed, 17 Jun 2026 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332393 The ITAT set aside the Ld. CIT(A)'s order and directed the Ld. AO to conduct further inquiries regarding the addition of Rs. 99,00,000 under section 68 of the I.T. Act. The case emphasized the need for all relevant facts to be presented before reaching a decision. The burden of proof was on the assessee to demonstrate they were not involved in any alleged misconduct. The matter was remanded for a fresh assessment to ensure a comprehensive examination of the facts, with both the appeal and cross objection allowed for statistical purposes. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332393