https://www.taxtmi.com/caselaws?id=273705 The Tribunal upheld the appellant's appeal, deleting the addition under section 69 for unexplained income. The decision emphasized the necessity of evidence and cross-examination, highlighting the lack of supporting material beyond a third party's statement. The Tribunal stressed the importance of proving identity, creditworthiness, and genuineness of transactions to avoid adverse tax implications. The appeal was dismissed without raising substantial legal questions, allowing the appellant to revive it within 90 days if needed. The judgment underscored the significance of following principles of natural justice and providing substantial evidence in tax matters. en-us Tue, 25 Apr 2017 00:00:00 +0530 Wed, 11 Jul 2018 06:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273705 The Tribunal upheld the appellant's appeal, deleting the addition under section 69 for unexplained income. The decision emphasized the necessity of evidence and cross-examination, highlighting the lack of supporting material beyond a third party's statement. The Tribunal stressed the importance of proving identity, creditworthiness, and genuineness of transactions to avoid adverse tax implications. The appeal was dismissed without raising substantial legal questions, allowing the appellant to revive it within 90 days if needed. The judgment underscored the significance of following principles of natural justice and providing substantial evidence in tax matters. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273705