https://www.taxtmi.com/caselaws?id=341601 The Tribunal upheld the CIT (A)'s decision to reduce the addition made by the Assessing Officer under section 69C of the Income Tax Act, limiting it to the peak amount invested by the assessee. The Tribunal dismissed the revenue's appeal, emphasizing the necessity for a realistic assessment of transactions and the importance of genuine business activities and proper documentation to avoid tax implications. en-us Mon, 10 Apr 2017 00:00:00 +0530 Thu, 13 Apr 2017 07:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341601 The Tribunal upheld the CIT (A)'s decision to reduce the addition made by the Assessing Officer under section 69C of the Income Tax Act, limiting it to the peak amount invested by the assessee. The Tribunal dismissed the revenue's appeal, emphasizing the necessity for a realistic assessment of transactions and the importance of genuine business activities and proper documentation to avoid tax implications. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341601