https://www.taxtmi.com/caselaws?id=373727 The tribunal allowed the appeal of the assessee, deleting the additions made towards unexplained cash credit under Section 68 and unexplained expenditure on commission. The tribunal emphasized the importance of direct evidence and the need for the revenue to substantiate its allegations with concrete proof, rather than relying on suspicion and presumption. The tribunal's decision was based on the genuineness of the transactions supported by documentary evidence provided by the assessee. en-us Wed, 28 Nov 2018 00:00:00 +0530 Sat, 19 Jan 2019 07:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373727 The tribunal allowed the appeal of the assessee, deleting the additions made towards unexplained cash credit under Section 68 and unexplained expenditure on commission. The tribunal emphasized the importance of direct evidence and the need for the revenue to substantiate its allegations with concrete proof, rather than relying on suspicion and presumption. The tribunal's decision was based on the genuineness of the transactions supported by documentary evidence provided by the assessee. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373727