https://www.taxtmi.com/caselaws?id=278244 The cross-objection challenging the validity of proceedings u/s 147 was not pressed and stands dismissed. The addition of Rs. 11,26,023 made on account of unexplained receipts from the sale of shares was deleted by the CIT(A). The Tribunal upheld the CIT(A)'s decision, emphasizing the lack of evidence to substantiate the AO's claims and highlighting inconsistencies in the AO's treatment of similar transactions. The appeal by the Revenue and the cross-objection by the assessee were both dismissed. en-us Fri, 08 Apr 2011 00:00:00 +0530 Sat, 19 Jan 2019 15:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278244 The cross-objection challenging the validity of proceedings u/s 147 was not pressed and stands dismissed. The addition of Rs. 11,26,023 made on account of unexplained receipts from the sale of shares was deleted by the CIT(A). The Tribunal upheld the CIT(A)'s decision, emphasizing the lack of evidence to substantiate the AO's claims and highlighting inconsistencies in the AO's treatment of similar transactions. The appeal by the Revenue and the cross-objection by the assessee were both dismissed. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278244