https://www.taxtmi.com/caselaws?id=342129 The Tribunal dismissed the revenue's appeal challenging the deletion of an addition under Section 68 of the Income Tax Act, as the CIT(A) found the financial assistance genuine with supporting documentation. The Tribunal also directed the deletion of a lump sum trading addition, disagreeing with the AO's justification. However, the disallowance of a deduction claimed under Section 80IB was upheld. The decision was pronounced on 21/04/2017. en-us Fri, 21 Apr 2017 00:00:00 +0530 Thu, 27 Apr 2017 06:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342129 The Tribunal dismissed the revenue's appeal challenging the deletion of an addition under Section 68 of the Income Tax Act, as the CIT(A) found the financial assistance genuine with supporting documentation. The Tribunal also directed the deletion of a lump sum trading addition, disagreeing with the AO's justification. However, the disallowance of a deduction claimed under Section 80IB was upheld. The decision was pronounced on 21/04/2017. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342129