https://www.taxtmi.com/caselaws?id=376241 The Tribunal allowed the appeal, directing the deletion of the addition of Rs. 10,01,000 made under section 69A of the IT Act. The decision emphasized attributing additions to the appropriate party based on evidence and financial capacity, setting aside the CIT(A)'s order. The Tribunal found no conclusive evidence linking the payments to the assessee, leading to the deletion of the addition in the assessee's hands. The validity of reassessment proceedings was not addressed further as the appeal succeeded on merits. en-us Thu, 28 Feb 2019 00:00:00 +0530 Tue, 05 Mar 2019 07:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376241 The Tribunal allowed the appeal, directing the deletion of the addition of Rs. 10,01,000 made under section 69A of the IT Act. The decision emphasized attributing additions to the appropriate party based on evidence and financial capacity, setting aside the CIT(A)'s order. The Tribunal found no conclusive evidence linking the payments to the assessee, leading to the deletion of the addition in the assessee's hands. The validity of reassessment proceedings was not addressed further as the appeal succeeded on merits. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376241