https://www.taxtmi.com/caselaws?id=380389 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO under Section 68 of the Income Tax Act, 1961, totaling Rs. 80,00,000, and to admit additional evidence. The Tribunal found that the AO's additions lacked proper inquiries, while the additional evidence established the genuineness of transactions. The Revenue's appeal was dismissed, affirming the CIT(A)'s findings and emphasizing the importance of conducting thorough investigations before making such additions. en-us Tue, 14 May 2019 00:00:00 +0530 Sat, 18 May 2019 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380389 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO under Section 68 of the Income Tax Act, 1961, totaling Rs. 80,00,000, and to admit additional evidence. The Tribunal found that the AO's additions lacked proper inquiries, while the additional evidence established the genuineness of transactions. The Revenue's appeal was dismissed, affirming the CIT(A)'s findings and emphasizing the importance of conducting thorough investigations before making such additions. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380389