https://www.taxtmi.com/highlights?id=55377 Additions u/s 68 - Any appellate authority cannot reject the evidences without any discussion or reason. The CIT (A) has not mentioned as to what more evidence were needed to be produced by the assessee to substantiate its contention or what are the material or information to rebut the assessee’s explanation and evidences as discussed above. AO as well as the CIT(A) failed to appreciate or consider the more than sufficient evidences placed on record by the assessee to discharge the onus u/s 68 - Addition made u/s 68 of the Act is hereby deleted. - AT en-us Tue, 03 Nov 2020 11:17:00 +0530 Tue, 03 Nov 2020 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55377 Additions u/s 68 - Any appellate authority cannot reject the evidences without any discussion or reason. The CIT (A) has not mentioned as to what more evidence were needed to be produced by the assessee to substantiate its contention or what are the material or information to rebut the assessee’s explanation and evidences as discussed above. AO as well as the CIT(A) failed to appreciate or consider the more than sufficient evidences placed on record by the assessee to discharge the onus u/s 68 - Addition made u/s 68 of the Act is hereby deleted. - AT Highlights Income Tax Tue, 03 Nov 2020 11:17:00 +0530 https://www.taxtmi.com/highlights?id=55377