https://www.taxtmi.com/caselaws?id=333158 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of unreconciled transactions related to certain parties, citing legal precedents. The Tribunal directed the AO to delete the addition, ultimately allowing the appeal of the assessee. Additionally, the Tribunal directed the AO to delete the addition of unreconciled entries involving parties with whom the assessee denied having any business dealings, emphasizing the need for proper verification before adding such entries to the income. The Tribunal highlighted the importance of following legal precedents and conducting thorough investigations in such matters. en-us Mon, 22 Aug 2016 00:00:00 +0530 Wed, 05 Oct 2016 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333158 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of unreconciled transactions related to certain parties, citing legal precedents. The Tribunal directed the AO to delete the addition, ultimately allowing the appeal of the assessee. Additionally, the Tribunal directed the AO to delete the addition of unreconciled entries involving parties with whom the assessee denied having any business dealings, emphasizing the need for proper verification before adding such entries to the income. The Tribunal highlighted the importance of following legal precedents and conducting thorough investigations in such matters. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333158