https://www.taxtmi.com/caselaws?id=392117 The Tribunal reviewed the case and found the addition of Rs. 46,00,892 unsustainable as the assessee provided substantial documentary evidence supporting transactions, leading to deletion of the disputed addition. Additionally, the Tribunal allowed the admission of crucial additional evidences under rule 46A, which supported the legitimacy of transactions and resulted in deletion of another disputed addition of Rs. 34,65,096 under section 68 of the Income Tax Act. The Tribunal consistently ruled in favor of the assessee based on the evidence presented, emphasizing the importance of documentary evidence in establishing transaction genuineness and creditworthiness. en-us Mon, 20 Jan 2020 00:00:00 +0530 Thu, 13 Feb 2020 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392117 The Tribunal reviewed the case and found the addition of Rs. 46,00,892 unsustainable as the assessee provided substantial documentary evidence supporting transactions, leading to deletion of the disputed addition. Additionally, the Tribunal allowed the admission of crucial additional evidences under rule 46A, which supported the legitimacy of transactions and resulted in deletion of another disputed addition of Rs. 34,65,096 under section 68 of the Income Tax Act. The Tribunal consistently ruled in favor of the assessee based on the evidence presented, emphasizing the importance of documentary evidence in establishing transaction genuineness and creditworthiness. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392117