https://www.taxtmi.com/caselaws?id=369156 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 10 crores made by the AO. The Tribunal found that the assessee satisfactorily proved the identity, genuineness, and creditworthiness of the investor and that the AO's addition was based on suspicion and without substantial evidence. The Tribunal also confirmed that the CIT(A) correctly admitted additional evidence under Rule 46A. en-us Wed, 17 Oct 2018 00:00:00 +0530 Sun, 21 Oct 2018 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369156 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 10 crores made by the AO. The Tribunal found that the assessee satisfactorily proved the identity, genuineness, and creditworthiness of the investor and that the AO's addition was based on suspicion and without substantial evidence. The Tribunal also confirmed that the CIT(A) correctly admitted additional evidence under Rule 46A. Case-Laws Income Tax Wed, 17 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369156