https://www.taxtmi.com/caselaws?id=375100 The Court upheld the decisions of the CIT(A) and ITAT, dismissing the Revenue's appeals for Assessment Years 2007-08 and 2008-09. The disallowances made by the Assessing Officer were set aside, emphasizing the importance of providing detailed information and fulfilling the burden of proof in tax assessments. The Court found that the reported amounts by the assessee were not erroneous and that the amounts received from M/s. Mittal Traders and Veerendra Kumar, AOP, were properly accounted for, leading to the dismissal of the Revenue's claims. en-us Fri, 01 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375100 The Court upheld the decisions of the CIT(A) and ITAT, dismissing the Revenue's appeals for Assessment Years 2007-08 and 2008-09. The disallowances made by the Assessing Officer were set aside, emphasizing the importance of providing detailed information and fulfilling the burden of proof in tax assessments. The Court found that the reported amounts by the assessee were not erroneous and that the amounts received from M/s. Mittal Traders and Veerendra Kumar, AOP, were properly accounted for, leading to the dismissal of the Revenue's claims. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375100