https://www.taxtmi.com/caselaws?id=387588 The Tribunal allowed the appeal, deleting additions of Rs. 59,50,000/- and Rs. 14,25,000/- under Section 68 of the IT Act. The decision emphasized the importance of documentary evidence and required the AO to provide concrete findings before making additions. The Tribunal found that the assessee sufficiently explained the sources and transactions, discharging the burden of proving identity, creditworthiness, and genuineness. en-us Mon, 21 Oct 2019 00:00:00 +0530 Fri, 25 Oct 2019 15:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387588 The Tribunal allowed the appeal, deleting additions of Rs. 59,50,000/- and Rs. 14,25,000/- under Section 68 of the IT Act. The decision emphasized the importance of documentary evidence and required the AO to provide concrete findings before making additions. The Tribunal found that the assessee sufficiently explained the sources and transactions, discharging the burden of proving identity, creditworthiness, and genuineness. Case-Laws Income Tax Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387588