https://www.taxtmi.com/caselaws?id=275190 The Tribunal allowed both appeals, ruling in favor of the assessee by deleting the additions made by the AO under sections 68 and 69C of the I.T. Act, 1961. The Tribunal emphasized the importance of corroborative evidence and adherence to principles of natural justice, holding that denial of cross-examination and reliance on retracted statements were unsustainable. Additionally, the Tribunal directed the AO to treat the additional business income as business income based on the rule of consistency. en-us Wed, 07 Mar 2018 00:00:00 +0530 Fri, 21 Sep 2018 08:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275190 The Tribunal allowed both appeals, ruling in favor of the assessee by deleting the additions made by the AO under sections 68 and 69C of the I.T. Act, 1961. The Tribunal emphasized the importance of corroborative evidence and adherence to principles of natural justice, holding that denial of cross-examination and reliance on retracted statements were unsustainable. Additionally, the Tribunal directed the AO to treat the additional business income as business income based on the rule of consistency. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275190