https://www.taxtmi.com/caselaws?id=387345 The Tribunal set aside the CIT(A)'s decision to delete an addition of Rs. 1,35,00,000/- made under Section 68 of the Income Tax Act, 1961, and directed the matter to be reconsidered by the Assessing Officer (A.O). The A.O was instructed to verify the identity, creditworthiness, and genuineness of the transactions, particularly concerning entities linked to accommodation entry providers. The assessee was granted the opportunity to substantiate the authenticity of the transactions. The revenue's appeal was allowed for statistical purposes. en-us Tue, 11 Jun 2019 00:00:00 +0530 Tue, 22 Oct 2019 09:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387345 The Tribunal set aside the CIT(A)'s decision to delete an addition of Rs. 1,35,00,000/- made under Section 68 of the Income Tax Act, 1961, and directed the matter to be reconsidered by the Assessing Officer (A.O). The A.O was instructed to verify the identity, creditworthiness, and genuineness of the transactions, particularly concerning entities linked to accommodation entry providers. The assessee was granted the opportunity to substantiate the authenticity of the transactions. The revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387345