https://www.taxtmi.com/caselaws?id=372923 The Tribunal partly allowed the Revenue's appeal, directing the Assessing Officer to verify lease agreements and expenses claimed by the assessee before allowing deductions. Additionally, the Tribunal instructed verification of the genuineness of transactions under sections 68 and 69, directing the assessee to produce parties involved and the AO to confirm identity and creditworthiness. The Tribunal dismissed additions under section 69 for term deposits, concluding with a directive for further verification by the AO in both issues. en-us Wed, 26 Sep 2018 00:00:00 +0530 Thu, 03 Jan 2019 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372923 The Tribunal partly allowed the Revenue's appeal, directing the Assessing Officer to verify lease agreements and expenses claimed by the assessee before allowing deductions. Additionally, the Tribunal instructed verification of the genuineness of transactions under sections 68 and 69, directing the assessee to produce parties involved and the AO to confirm identity and creditworthiness. The Tribunal dismissed additions under section 69 for term deposits, concluding with a directive for further verification by the AO in both issues. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372923