https://www.taxtmi.com/caselaws?id=187915 The Tribunal dismissed both appeals of the Revenue, upholding the CIT(A)'s decision to delete the addition of Rs. 1,70,00,000/- under Section 68. The Tribunal found that the assessee satisfactorily explained the source of funds and that the A.O. failed to provide sufficient evidence to justify the addition. The Tribunal also upheld the reopening of the assessment proceedings under Section 147 read with Section 151 of the Act, finding no infirmity in the CIT(A)'s order. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 11 Nov 2016 11:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187915 The Tribunal dismissed both appeals of the Revenue, upholding the CIT(A)'s decision to delete the addition of Rs. 1,70,00,000/- under Section 68. The Tribunal found that the assessee satisfactorily explained the source of funds and that the A.O. failed to provide sufficient evidence to justify the addition. The Tribunal also upheld the reopening of the assessment proceedings under Section 147 read with Section 151 of the Act, finding no infirmity in the CIT(A)'s order. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187915