https://www.taxtmi.com/caselaws?id=291691 The Appellate Tribunal upheld the Commissioner of Income Tax Appeals' decision to delete the addition of Rs. 1.65 crores made by the assessing officer under section 68 of the Income Tax Act for the assessment year 2010-11. The Tribunal found that the burden of proof was discharged by the assessee, emphasizing the lack of proper refutation by the assessing officer and the failure to order the production of crucial evidence. The Tribunal dismissed the revenue's appeal, ruling in favor of the assessee on 5th May 2017. en-us Fri, 05 May 2017 00:00:00 +0530 Mon, 23 Nov 2020 11:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291691 The Appellate Tribunal upheld the Commissioner of Income Tax Appeals' decision to delete the addition of Rs. 1.65 crores made by the assessing officer under section 68 of the Income Tax Act for the assessment year 2010-11. The Tribunal found that the burden of proof was discharged by the assessee, emphasizing the lack of proper refutation by the assessing officer and the failure to order the production of crucial evidence. The Tribunal dismissed the revenue's appeal, ruling in favor of the assessee on 5th May 2017. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291691