https://www.taxtmi.com/caselaws?id=387227 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. The Tribunal found that the AO's additions were based on discrepancies that were later reconciled and verified through confirmations and bank statements. The Tribunal emphasized that the genuineness of transactions was established, and no adverse inference should have been drawn. The Tribunal directed the deletion of all additions made by the AO. en-us Wed, 11 Sep 2019 00:00:00 +0530 Tue, 15 Oct 2019 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387227 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. The Tribunal found that the AO's additions were based on discrepancies that were later reconciled and verified through confirmations and bank statements. The Tribunal emphasized that the genuineness of transactions was established, and no adverse inference should have been drawn. The Tribunal directed the deletion of all additions made by the AO. Case-Laws Income Tax Wed, 11 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387227