https://www.taxtmi.com/caselaws?id=392219 The Court dismissed the appeal filed by the Principal Commissioner of Income Tax under Section 260A of the Income Tax Act, seeking to quash the order passed by the Tribunal. The Tribunal and CIT(A) had both dismissed appeals by the Revenue, deleting additions made by the Assessing Authority based on additional evidence provided by the Assessee. The Court found no merit in the Revenue's arguments regarding the consideration of additional evidence and concluded that no substantial question of law arose, ultimately dismissing the appeal. The genuineness of investors, accrued income, loan capacity, and transactions had been extensively addressed and found satisfactory by the lower authorities. en-us Tue, 11 Feb 2020 00:00:00 +0530 Thu, 26 Feb 2026 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392219 The Court dismissed the appeal filed by the Principal Commissioner of Income Tax under Section 260A of the Income Tax Act, seeking to quash the order passed by the Tribunal. The Tribunal and CIT(A) had both dismissed appeals by the Revenue, deleting additions made by the Assessing Authority based on additional evidence provided by the Assessee. The Court found no merit in the Revenue's arguments regarding the consideration of additional evidence and concluded that no substantial question of law arose, ultimately dismissing the appeal. The genuineness of investors, accrued income, loan capacity, and transactions had been extensively addressed and found satisfactory by the lower authorities. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392219