https://www.taxtmi.com/caselaws?id=278020 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,00,00,000/- made by the AO under Section 68 of the IT Act, 1961. The Tribunal found that the AO's reliance on undisclosed information and failure to provide an opportunity for cross-examination violated principles of natural justice. The assessee had adequately supported the genuineness of the loan with documentary evidence. The Tribunal dismissed the Revenue's appeal, confirming the deletion of the addition. en-us Fri, 16 Dec 2016 00:00:00 +0530 Sat, 05 Jan 2019 06:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278020 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,00,00,000/- made by the AO under Section 68 of the IT Act, 1961. The Tribunal found that the AO's reliance on undisclosed information and failure to provide an opportunity for cross-examination violated principles of natural justice. The assessee had adequately supported the genuineness of the loan with documentary evidence. The Tribunal dismissed the Revenue's appeal, confirming the deletion of the addition. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278020