https://www.taxtmi.com/caselaws?id=334341 The Tribunal upheld the CIT(A)'s decision to delete an addition under section 68 of the Income Tax Act, finding the transactions genuine with established identities and creditworthiness of the investors. The Tribunal dismissed the Revenue's appeal for the assessment year 2008-09, concluding that the addition was not sustainable. Additionally, the Tribunal found no violation of Rule 46A in the admission of additional evidence by the CIT(A) without giving the Assessing Officer an opportunity to rebut. en-us Fri, 16 Sep 2016 00:00:00 +0530 Thu, 10 Nov 2016 17:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334341 The Tribunal upheld the CIT(A)'s decision to delete an addition under section 68 of the Income Tax Act, finding the transactions genuine with established identities and creditworthiness of the investors. The Tribunal dismissed the Revenue's appeal for the assessment year 2008-09, concluding that the addition was not sustainable. Additionally, the Tribunal found no violation of Rule 46A in the admission of additional evidence by the CIT(A) without giving the Assessing Officer an opportunity to rebut. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334341