https://www.taxtmi.com/caselaws?id=384455 The Tribunal overturned the addition of advance amounts received from customers and deposited in the bank account for the assessment year 2015-16. It found that the appellant provided sufficient documentation proving the legitimate nature of the transactions, including receipts, invoices, and customer details. The Tribunal criticized the AO for not verifying the documents and failing to consider the explanations and evidence presented. Ultimately, the Tribunal concluded that the addition under section 68 of the Act was unjustified, deleting the addition and allowing the appeal of the assessee. en-us Fri, 26 Jul 2019 00:00:00 +0530 Tue, 13 Aug 2019 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384455 The Tribunal overturned the addition of advance amounts received from customers and deposited in the bank account for the assessment year 2015-16. It found that the appellant provided sufficient documentation proving the legitimate nature of the transactions, including receipts, invoices, and customer details. The Tribunal criticized the AO for not verifying the documents and failing to consider the explanations and evidence presented. Ultimately, the Tribunal concluded that the addition under section 68 of the Act was unjustified, deleting the addition and allowing the appeal of the assessee. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384455