https://www.taxtmi.com/caselaws?id=336841 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete additions made under Sections 28(iv) and 68 of the Income Tax Act. The Tribunal found that the Assessing Officer's additions were based on misunderstandings and errors, and the CIT(A) correctly determined that the additions were unwarranted. The deletion of the additions was affirmed, concluding that the disputed amounts were not taxable in the relevant assessment year. en-us Fri, 23 Dec 2016 00:00:00 +0530 Thu, 29 Dec 2016 13:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336841 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete additions made under Sections 28(iv) and 68 of the Income Tax Act. The Tribunal found that the Assessing Officer's additions were based on misunderstandings and errors, and the CIT(A) correctly determined that the additions were unwarranted. The deletion of the additions was affirmed, concluding that the disputed amounts were not taxable in the relevant assessment year. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336841