https://www.taxtmi.com/caselaws?id=339884 The court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision to delete the addition under Section 41(1) of the Act in favor of the assessee. The court found the evidence provided by the assessee, including banking transactions and confirmations, satisfactory in proving the existence of transporters and genuineness of transactions. Emphasizing the Revenue's burden to establish cessation of liability, the court concluded that there was no perversity in the Tribunal's decision and no substantial question of law arose, affirming the Tribunal's findings. en-us Mon, 20 Feb 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339884 The court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision to delete the addition under Section 41(1) of the Act in favor of the assessee. The court found the evidence provided by the assessee, including banking transactions and confirmations, satisfactory in proving the existence of transporters and genuineness of transactions. Emphasizing the Revenue's burden to establish cessation of liability, the court concluded that there was no perversity in the Tribunal's decision and no substantial question of law arose, affirming the Tribunal's findings. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339884