https://www.taxtmi.com/caselaws?id=283326 The High Court dismissed all appeals challenging the Income Tax Appellate Tribunal's order for Assessment Years 2005-06 to 2011-12. It upheld the deletion of additions under Section 68, cash purchases profit, and unexplained expenses for accommodation bills. The court found the assessee met the burden of proof with genuine transactions and shareholder details, rejected the Revenue's arguments lacking evidence, and deemed the commission on accommodation bills explained due to no bogus purchases. The Tribunal's decisions were upheld as reasonable and without substantial legal issues. en-us Mon, 30 Jul 2018 00:00:00 +0530 Thu, 19 Sep 2019 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283326 The High Court dismissed all appeals challenging the Income Tax Appellate Tribunal's order for Assessment Years 2005-06 to 2011-12. It upheld the deletion of additions under Section 68, cash purchases profit, and unexplained expenses for accommodation bills. The court found the assessee met the burden of proof with genuine transactions and shareholder details, rejected the Revenue's arguments lacking evidence, and deemed the commission on accommodation bills explained due to no bogus purchases. The Tribunal's decisions were upheld as reasonable and without substantial legal issues. Case-Laws Income Tax Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283326