https://www.taxtmi.com/caselaws?id=368388 The Appellate Tribunal partially allowed the appeal, deleting the addition of Rs. 35 lakhs under section 68 of the Income Tax Act, as the assessee provided sufficient evidence to establish the genuineness of transactions. However, the disallowance of expenses claimed by the assessee amounting to Rs. 1,24,563 was upheld due to the lack of proof linking the expenses to income earned. en-us Mon, 01 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368388 The Appellate Tribunal partially allowed the appeal, deleting the addition of Rs. 35 lakhs under section 68 of the Income Tax Act, as the assessee provided sufficient evidence to establish the genuineness of transactions. However, the disallowance of expenses claimed by the assessee amounting to Rs. 1,24,563 was upheld due to the lack of proof linking the expenses to income earned. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368388