https://www.taxtmi.com/caselaws?id=357608 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross objections. The Tribunal upheld the CIT(A)'s decision to delete the additions under Section 68, finding that the assessee had discharged its burden of proof regarding the identity, creditworthiness, and genuineness of the transactions. The Tribunal also affirmed that the additions made under Section 153A were invalid in the absence of incriminating material found during the search. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 26 Mar 2018 08:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357608 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross objections. The Tribunal upheld the CIT(A)'s decision to delete the additions under Section 68, finding that the assessee had discharged its burden of proof regarding the identity, creditworthiness, and genuineness of the transactions. The Tribunal also affirmed that the additions made under Section 153A were invalid in the absence of incriminating material found during the search. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357608