https://www.taxtmi.com/caselaws?id=402309 The tribunal allowed the appeal filed by the assessee, overturning the addition of Rs. 20,00,000 made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The tribunal found the transaction genuine, highlighting the role of a mediator in facilitating the refund and supporting the authenticity of the transaction. As a result, the addition was deleted, emphasizing the genuine nature of the transaction and the involvement of the mediator in arranging the refund. en-us Wed, 10 Jun 2020 00:00:00 +0530 Tue, 29 Dec 2020 10:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402309 The tribunal allowed the appeal filed by the assessee, overturning the addition of Rs. 20,00,000 made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The tribunal found the transaction genuine, highlighting the role of a mediator in facilitating the refund and supporting the authenticity of the transaction. As a result, the addition was deleted, emphasizing the genuine nature of the transaction and the involvement of the mediator in arranging the refund. Case-Laws Income Tax Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402309