https://www.taxtmi.com/caselaws?id=287573 The Tribunal upheld the CIT (A)'s decision to delete the additions made by the AO under Section 68 of the Income Tax Act and the alleged commission for acquiring accommodation entry. The Tribunal found that the AO's conclusions were based on suspicion and lacked substantial evidence. The documentary evidence provided by the assessee, including purchase bills, dematerialization records, and bank statements, supported the genuineness of the transactions. The appeal by the revenue was dismissed, emphasizing the insufficiency of evidence to justify the additions. en-us Wed, 10 Jul 2019 00:00:00 +0530 Mon, 20 Apr 2020 12:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287573 The Tribunal upheld the CIT (A)'s decision to delete the additions made by the AO under Section 68 of the Income Tax Act and the alleged commission for acquiring accommodation entry. The Tribunal found that the AO's conclusions were based on suspicion and lacked substantial evidence. The documentary evidence provided by the assessee, including purchase bills, dematerialization records, and bank statements, supported the genuineness of the transactions. The appeal by the revenue was dismissed, emphasizing the insufficiency of evidence to justify the additions. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287573