https://www.taxtmi.com/caselaws?id=386402 The Tribunal allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to verify the claim that the transactions did not involve cash. The Tribunal emphasized the decision in Jatia Investment Co., which held that Section 68 does not apply to non-cash transactions. The case was remanded to the Assessing Officer for further verification and decision. en-us Thu, 11 Jul 2019 00:00:00 +0530 Fri, 08 Nov 2024 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386402 The Tribunal allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to verify the claim that the transactions did not involve cash. The Tribunal emphasized the decision in Jatia Investment Co., which held that Section 68 does not apply to non-cash transactions. The case was remanded to the Assessing Officer for further verification and decision. Case-Laws Income Tax Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386402