https://www.taxtmi.com/caselaws?id=283314 The Tribunal directed the AO to delete all contested additions made under Sections 68, 37(1), and 69C of the Act for the assessee. The Tribunal found that the assessee had provided sufficient evidence to discharge its onus under Section 68 regarding unexplained cash credits and that additions on account of unproved and bogus purchases lacked cogent evidence. The Tribunal also directed the deletion of additions for alleged commission and cash discount, emphasizing the importance of substantial evidence and proper inquiry by the AO. The Tribunal allowed the appeals filed by the assessee and dismissed the cross appeals filed by the Revenue. en-us Fri, 17 Apr 2015 00:00:00 +0530 Thu, 19 Sep 2019 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283314 The Tribunal directed the AO to delete all contested additions made under Sections 68, 37(1), and 69C of the Act for the assessee. The Tribunal found that the assessee had provided sufficient evidence to discharge its onus under Section 68 regarding unexplained cash credits and that additions on account of unproved and bogus purchases lacked cogent evidence. The Tribunal also directed the deletion of additions for alleged commission and cash discount, emphasizing the importance of substantial evidence and proper inquiry by the AO. The Tribunal allowed the appeals filed by the assessee and dismissed the cross appeals filed by the Revenue. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283314