https://www.taxtmi.com/caselaws?id=273419 The court upheld the deletion of additions made by the Assessing Officer under section 68 of the Income Tax Act. The court found that the assessee had fulfilled its initial onus by providing necessary details, shifting the burden to the Assessing Officer to verify. Since the Assessing Officer failed to conduct proper verification, the additions were deemed unjustified. Both the Commissioner of Income-tax (Appeals) and the Tribunal correctly applied the law, leading to the dismissal of the appeal for lack of substantial legal questions. en-us Mon, 13 Jun 2011 00:00:00 +0530 Mon, 25 Jun 2018 16:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273419 The court upheld the deletion of additions made by the Assessing Officer under section 68 of the Income Tax Act. The court found that the assessee had fulfilled its initial onus by providing necessary details, shifting the burden to the Assessing Officer to verify. Since the Assessing Officer failed to conduct proper verification, the additions were deemed unjustified. Both the Commissioner of Income-tax (Appeals) and the Tribunal correctly applied the law, leading to the dismissal of the appeal for lack of substantial legal questions. Case-Laws Income Tax Mon, 13 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273419