https://www.taxtmi.com/caselaws?id=357907 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1.70 Crores made under Section 68 of the Income Tax Act. The tribunal found that the assessee had adequately proven the legitimacy of the transactions, while the AO failed to provide evidence to the contrary. Relying on established legal principles, the tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. en-us Wed, 21 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357907 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1.70 Crores made under Section 68 of the Income Tax Act. The tribunal found that the assessee had adequately proven the legitimacy of the transactions, while the AO failed to provide evidence to the contrary. Relying on established legal principles, the tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357907