https://www.taxtmi.com/caselaws?id=401789 The Tribunal held that the addition made by the Assessing Officer under section 68 of the Income Tax Act for the Assessment Year 2012-13 was not justified. As the amount in question was received in the Financial Year 2008-09 and no money was received in the impugned assessment year, the addition was deemed invalid. The Tribunal set aside the order of the CIT(A), deleted the addition of Rs. 3.00 crores, and allowed the appeal of the assessee. Other grounds raised in the appeal were not addressed, and the decision was pronounced on 25th September 2020. en-us Fri, 25 Sep 2020 00:00:00 +0530 Thu, 17 Dec 2020 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401789 The Tribunal held that the addition made by the Assessing Officer under section 68 of the Income Tax Act for the Assessment Year 2012-13 was not justified. As the amount in question was received in the Financial Year 2008-09 and no money was received in the impugned assessment year, the addition was deemed invalid. The Tribunal set aside the order of the CIT(A), deleted the addition of Rs. 3.00 crores, and allowed the appeal of the assessee. Other grounds raised in the appeal were not addressed, and the decision was pronounced on 25th September 2020. Case-Laws Income Tax Fri, 25 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401789