https://www.taxtmi.com/caselaws?id=385133 The Tribunal allowed both appeals, deleting the additions made by the Assessing Officer under Sections 68 and 69 of the Income-tax Act, 1961. The Tribunal found the AO's conclusions to be based on assumptions without concrete evidence against the assessee. The decisions were supported by the lack of material evidence linking the assessee to price rigging or accommodation entry operations, as evidenced by the documents provided by the assessee. The additions of Rs. 17,91,918/- and Rs. 89,596/- were both deleted, and the appeals were allowed on 23rd August 2019. en-us Fri, 23 Aug 2019 00:00:00 +0530 Fri, 30 Aug 2019 08:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385133 The Tribunal allowed both appeals, deleting the additions made by the Assessing Officer under Sections 68 and 69 of the Income-tax Act, 1961. The Tribunal found the AO's conclusions to be based on assumptions without concrete evidence against the assessee. The decisions were supported by the lack of material evidence linking the assessee to price rigging or accommodation entry operations, as evidenced by the documents provided by the assessee. The additions of Rs. 17,91,918/- and Rs. 89,596/- were both deleted, and the appeals were allowed on 23rd August 2019. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385133