https://www.taxtmi.com/caselaws?id=395370 The appeal of the Revenue was dismissed, and the order of the CIT (A) deleting the addition of Rs. 12,89,25,938 under section 68 of the Income Tax Act was upheld by the Tribunal. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of the transactions, shifting the onus to the department to prove otherwise. The Tribunal emphasized the importance of the department providing specific adverse findings when challenging the documents submitted by the assessee. en-us Mon, 04 May 2020 00:00:00 +0530 Tue, 19 May 2020 10:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395370 The appeal of the Revenue was dismissed, and the order of the CIT (A) deleting the addition of Rs. 12,89,25,938 under section 68 of the Income Tax Act was upheld by the Tribunal. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of the transactions, shifting the onus to the department to prove otherwise. The Tribunal emphasized the importance of the department providing specific adverse findings when challenging the documents submitted by the assessee. Case-Laws Income Tax Mon, 04 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395370