https://www.taxtmi.com/caselaws?id=278317 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. It concluded that the AO's addition under section 68 was based on suspicion and conjecture without adequate evidence. The assessee's transactions were found to be genuine, supported by demat accounts, market quotations, and proper documentation. The Tribunal emphasized that in the absence of concrete evidence, suspicion alone could not justify additions under the Income Tax Act. en-us Fri, 23 Jan 2015 00:00:00 +0530 Fri, 25 Jan 2019 08:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278317 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. It concluded that the AO's addition under section 68 was based on suspicion and conjecture without adequate evidence. The assessee's transactions were found to be genuine, supported by demat accounts, market quotations, and proper documentation. The Tribunal emphasized that in the absence of concrete evidence, suspicion alone could not justify additions under the Income Tax Act. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278317