https://www.taxtmi.com/caselaws?id=392699 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 3,98,00,000/- made under Section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee had sufficiently proven the genuineness of the transactions through comprehensive documentary evidence, shifting the burden of proof to the AO, who failed to provide substantial counter-evidence. The appeal was dismissed on 21/02/2020. en-us Fri, 21 Feb 2020 00:00:00 +0530 Fri, 13 Mar 2020 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392699 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 3,98,00,000/- made under Section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee had sufficiently proven the genuineness of the transactions through comprehensive documentary evidence, shifting the burden of proof to the AO, who failed to provide substantial counter-evidence. The appeal was dismissed on 21/02/2020. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392699