https://www.taxtmi.com/caselaws?id=383912 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the deletion of additions made for suppression of profit and obtaining fictitious loss through Client Code Modification (CCM). The revenue failed to provide concrete evidence to support the additions, with the Tribunal emphasizing the lack of material to disprove the genuineness of the transactions, highlighting the permissible nature of CCM and the absence of collusion between the assessee and other parties. The Tribunal's decision was supported by various judicial precedents, ultimately leading to the deletion of the impugned additions. en-us Tue, 30 Jul 2019 00:00:00 +0530 Fri, 02 Aug 2019 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383912 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the deletion of additions made for suppression of profit and obtaining fictitious loss through Client Code Modification (CCM). The revenue failed to provide concrete evidence to support the additions, with the Tribunal emphasizing the lack of material to disprove the genuineness of the transactions, highlighting the permissible nature of CCM and the absence of collusion between the assessee and other parties. The Tribunal's decision was supported by various judicial precedents, ultimately leading to the deletion of the impugned additions. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383912