https://www.taxtmi.com/caselaws?id=346655 The Tribunal set aside the CIT(A)'s decision and deleted the addition made under Section 68 of the Income-tax Act, 1961, as the assessee had sufficiently proven the creditworthiness and genuineness of the transactions. The Tribunal directed the AO to verify the revised Form 26AS for an AIR mismatch and delete the addition if no difference was found. Additionally, the Tribunal upheld the deletion of additions under Section 37 for repair and maintenance expenses, traveling, conveyance, and telephone expenses, and disallowance under Section 14A read with Rule 8D. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. en-us Fri, 16 Jun 2017 00:00:00 +0530 Mon, 21 Aug 2017 08:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346655 The Tribunal set aside the CIT(A)'s decision and deleted the addition made under Section 68 of the Income-tax Act, 1961, as the assessee had sufficiently proven the creditworthiness and genuineness of the transactions. The Tribunal directed the AO to verify the revised Form 26AS for an AIR mismatch and delete the addition if no difference was found. Additionally, the Tribunal upheld the deletion of additions under Section 37 for repair and maintenance expenses, traveling, conveyance, and telephone expenses, and disallowance under Section 14A read with Rule 8D. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. Case-Laws Income Tax Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346655