https://www.taxtmi.com/caselaws?id=338627 The Tribunal allowed the appeal by the Assessee, directing the A.O. to delete the addition of Rs. 15.70 lacs made under Section 68 of the Income Tax Act. The Tribunal found that the Assessee had fulfilled all conditions to discharge its onus, similar to the precedent set by the High Court in a related case. Consequently, the Tribunal did not find merit in the addition and ruled in favor of the Assessee, setting aside the findings of the ld. CIT(A). en-us Tue, 31 Jan 2017 00:00:00 +0530 Wed, 08 Feb 2017 12:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338627 The Tribunal allowed the appeal by the Assessee, directing the A.O. to delete the addition of Rs. 15.70 lacs made under Section 68 of the Income Tax Act. The Tribunal found that the Assessee had fulfilled all conditions to discharge its onus, similar to the precedent set by the High Court in a related case. Consequently, the Tribunal did not find merit in the addition and ruled in favor of the Assessee, setting aside the findings of the ld. CIT(A). Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338627