https://www.taxtmi.com/caselaws?id=362004 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in both issues, resulting in the dismissal of the Revenue's appeal. The disallowance under section 40A(3) was deleted considering the genuineness of the transaction and previous case law precedents. Similarly, the addition under section 68 for the sale of gold ornaments was found to lack concrete adverse material and proper verification, leading to its dismissal. en-us Thu, 14 Jun 2018 00:00:00 +0530 Sat, 16 Jun 2018 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362004 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in both issues, resulting in the dismissal of the Revenue's appeal. The disallowance under section 40A(3) was deleted considering the genuineness of the transaction and previous case law precedents. Similarly, the addition under section 68 for the sale of gold ornaments was found to lack concrete adverse material and proper verification, leading to its dismissal. Case-Laws Income Tax Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362004