https://www.taxtmi.com/caselaws?id=350436 The Revenue's appeal was partly allowed in a case challenging the deletion of additions made by the Assessing Officer under Sec. 68 of the Income Tax Act, 1961. The Accountant Member affirmed the CIT(A)'s decision on the addition from Shri Arvind Jain but set aside the deletion of the addition from M/s. Bhakti Book Distributors. Emphasizing the importance of meeting Sec. 68 requirements, the Accountant Member stressed the need for complete documentation and evidence to support transactions and avoid additions of unexplained cash credits. en-us Tue, 24 Oct 2017 00:00:00 +0530 Mon, 06 Nov 2017 08:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350436 The Revenue's appeal was partly allowed in a case challenging the deletion of additions made by the Assessing Officer under Sec. 68 of the Income Tax Act, 1961. The Accountant Member affirmed the CIT(A)'s decision on the addition from Shri Arvind Jain but set aside the deletion of the addition from M/s. Bhakti Book Distributors. Emphasizing the importance of meeting Sec. 68 requirements, the Accountant Member stressed the need for complete documentation and evidence to support transactions and avoid additions of unexplained cash credits. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350436