https://www.taxtmi.com/caselaws?id=292131 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions totaling millions of rupees and related interest. The Tribunal emphasized the necessity of thorough investigation and criticized the reliance on retracted statements without supporting evidence. The assessee successfully demonstrated the legitimacy of transactions by providing extensive documentary evidence, including bank statements and confirmations. en-us Thu, 08 Aug 2019 00:00:00 +0530 Tue, 08 Dec 2020 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292131 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions totaling millions of rupees and related interest. The Tribunal emphasized the necessity of thorough investigation and criticized the reliance on retracted statements without supporting evidence. The assessee successfully demonstrated the legitimacy of transactions by providing extensive documentary evidence, including bank statements and confirmations. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292131