https://www.taxtmi.com/caselaws?id=286657 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 40,00,000/- under Section 68 and Rs. 1,00,000/- for commission. The Tribunal found the assessee had met its burden of proof, criticized the AO for relying on unverified information, and emphasized the need for individual shareholder assessments in suspected bogus transactions. en-us Fri, 04 Mar 2016 00:00:00 +0530 Mon, 09 Mar 2020 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286657 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 40,00,000/- under Section 68 and Rs. 1,00,000/- for commission. The Tribunal found the assessee had met its burden of proof, criticized the AO for relying on unverified information, and emphasized the need for individual shareholder assessments in suspected bogus transactions. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286657