https://www.taxtmi.com/caselaws?id=333332 The Tribunal dismissed the Revenue's appeal and upheld the Ld. CIT(A)'s order, which deleted additions under sections 68 and 69 of the Income Tax Act. The Tribunal emphasized the necessity of proper enquiry by the Assessing Officer before making such additions based on suspicion alone. The Assessee's compliance with providing evidence shifted the onus to the Department to verify the authenticity of the transactions. The Tribunal's decision was in line with established principles and previous judgments, resulting in the dismissal of the Assessee's cross objection as well. en-us Fri, 02 Sep 2016 00:00:00 +0530 Mon, 10 Oct 2016 13:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333332 The Tribunal dismissed the Revenue's appeal and upheld the Ld. CIT(A)'s order, which deleted additions under sections 68 and 69 of the Income Tax Act. The Tribunal emphasized the necessity of proper enquiry by the Assessing Officer before making such additions based on suspicion alone. The Assessee's compliance with providing evidence shifted the onus to the Department to verify the authenticity of the transactions. The Tribunal's decision was in line with established principles and previous judgments, resulting in the dismissal of the Assessee's cross objection as well. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333332