https://www.taxtmi.com/caselaws?id=376470 The Tribunal dismissed the revenue's appeal challenging the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act. The Tribunal found that the assessee successfully proved the identity, creditworthiness, and genuineness of the transactions through extensive documentation, including bank statements and audited accounts. The revenue's argument, based on the burden of proof, was rejected as the AO failed to provide evidence refuting the assessee's claims. The appeal was dismissed without costs. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sat, 09 Mar 2019 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376470 The Tribunal dismissed the revenue's appeal challenging the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act. The Tribunal found that the assessee successfully proved the identity, creditworthiness, and genuineness of the transactions through extensive documentation, including bank statements and audited accounts. The revenue's argument, based on the burden of proof, was rejected as the AO failed to provide evidence refuting the assessee's claims. The appeal was dismissed without costs. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376470