https://www.taxtmi.com/caselaws?id=333977 The Tribunal held that the assessee successfully discharged the initial burden under Section 68 by providing relevant documents and evidence. The tax authorities failed to substantiate their presumption of accommodation entries with concrete proof. Consequently, the addition of Rs. 96.00 lakhs was deemed unjustified, leading to the allowance of the appeal and the direction to delete the addition by the Assessing Officer. en-us Fri, 02 Sep 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333977 The Tribunal held that the assessee successfully discharged the initial burden under Section 68 by providing relevant documents and evidence. The tax authorities failed to substantiate their presumption of accommodation entries with concrete proof. Consequently, the addition of Rs. 96.00 lakhs was deemed unjustified, leading to the allowance of the appeal and the direction to delete the addition by the Assessing Officer. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333977