https://www.taxtmi.com/caselaws?id=276638 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the sum brought to tax under Section 68 of the Income Tax Act for A.Y. 2002-03. The Court found that the CIT(A) had thoroughly examined the transactions and confirmed the genuineness of the expenses paid to income tax assessees who were service providers. As the ITAT supported these findings, the Court dismissed the Revenue's appeal, affirming the lower authorities' decisions. The judgment emphasized the authenticity of the transactions and the credibility of the service providers, leading to the dismissal of the appeal. en-us Tue, 09 Jan 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276638 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the sum brought to tax under Section 68 of the Income Tax Act for A.Y. 2002-03. The Court found that the CIT(A) had thoroughly examined the transactions and confirmed the genuineness of the expenses paid to income tax assessees who were service providers. As the ITAT supported these findings, the Court dismissed the Revenue's appeal, affirming the lower authorities' decisions. The judgment emphasized the authenticity of the transactions and the credibility of the service providers, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 09 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276638