https://www.taxtmi.com/caselaws?id=366605 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the disallowance under Section 68 of the Income Tax Act, 1961. The ITAT criticized the Revenue for filing a frivolous appeal, noting that the AO had already accepted the genuineness of the cash deposits in the remand report. The order emphasized the need for the Revenue to exercise discretion judiciously and avoid wasting court time with unnecessary litigation, highlighting the importance of administrative checks and balances for fair treatment of taxpayers. en-us Thu, 28 Jun 2018 00:00:00 +0530 Fri, 07 Sep 2018 08:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366605 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the disallowance under Section 68 of the Income Tax Act, 1961. The ITAT criticized the Revenue for filing a frivolous appeal, noting that the AO had already accepted the genuineness of the cash deposits in the remand report. The order emphasized the need for the Revenue to exercise discretion judiciously and avoid wasting court time with unnecessary litigation, highlighting the importance of administrative checks and balances for fair treatment of taxpayers. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366605