https://www.taxtmi.com/caselaws?id=391980 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 80.00 lakhs under Section 68 and deleting the adhoc disallowance of Rs. 62,048. The Tribunal concluded that the assessee had satisfactorily demonstrated the identity, creditworthiness, and genuineness of the transactions and that the adhoc disallowance was not supported by specific findings. en-us Fri, 07 Feb 2020 00:00:00 +0530 Tue, 11 Feb 2020 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391980 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 80.00 lakhs under Section 68 and deleting the adhoc disallowance of Rs. 62,048. The Tribunal concluded that the assessee had satisfactorily demonstrated the identity, creditworthiness, and genuineness of the transactions and that the adhoc disallowance was not supported by specific findings. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391980