https://www.taxtmi.com/caselaws?id=281423 The Tribunal dismissed the revenue's appeal, upholding the Ld CIT(A)'s decision to delete the addition under section 68 of the Act. The Tribunal found that the assessee had proven the identity, capacity, and genuineness of the creditors, shifting the burden of proof onto the AO, who failed to provide substantial evidence to justify the addition. The decision was based on a thorough analysis of facts and legal precedents, concluding that the AO's assessment lacked merit and evidential support. en-us Wed, 04 Jul 2018 00:00:00 +0530 Tue, 18 Jun 2019 21:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281423 The Tribunal dismissed the revenue's appeal, upholding the Ld CIT(A)'s decision to delete the addition under section 68 of the Act. The Tribunal found that the assessee had proven the identity, capacity, and genuineness of the creditors, shifting the burden of proof onto the AO, who failed to provide substantial evidence to justify the addition. The decision was based on a thorough analysis of facts and legal precedents, concluding that the AO's assessment lacked merit and evidential support. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281423