https://www.taxtmi.com/caselaws?id=374033 The Tribunal allowed the assessee's appeal, directing the deletion of the addition made under section 68 of the Income-tax Act. The Tribunal found that the transactions were genuine based on the substantial evidence provided by the assessee, including documentation proving the authenticity of the transactions. The Tribunal emphasized that the AO's decision lacked concrete evidence and denied the right to cross-examine witnesses, leading to the unsustainable addition to the assessee's income. Consequently, the addition of Rs. 21,85,891 was deleted, and the assessee's appeal was allowed. en-us Mon, 21 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374033 The Tribunal allowed the assessee's appeal, directing the deletion of the addition made under section 68 of the Income-tax Act. The Tribunal found that the transactions were genuine based on the substantial evidence provided by the assessee, including documentation proving the authenticity of the transactions. The Tribunal emphasized that the AO's decision lacked concrete evidence and denied the right to cross-examine witnesses, leading to the unsustainable addition to the assessee's income. Consequently, the addition of Rs. 21,85,891 was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374033