https://www.taxtmi.com/caselaws?id=384536 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The AO's addition of Rs. 1,03,50,000/- was deemed unjustified due to lack of incriminating material found during the search and failure to provide cross-examination of third-party statements. The assessee's documentary evidence sufficiently proved transaction genuineness. The Tribunal emphasized the importance of proper evidence and cross-examination rights, affirming the CIT(A)'s order. en-us Mon, 29 Jul 2019 00:00:00 +0530 Wed, 14 Aug 2019 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384536 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The AO's addition of Rs. 1,03,50,000/- was deemed unjustified due to lack of incriminating material found during the search and failure to provide cross-examination of third-party statements. The assessee's documentary evidence sufficiently proved transaction genuineness. The Tribunal emphasized the importance of proper evidence and cross-examination rights, affirming the CIT(A)'s order. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384536