https://www.taxtmi.com/caselaws?id=403086 The Tribunal upheld the CIT(A)'s decisions in favor of the assessees, dismissing all appeals raised by the Revenue. The deletions of additions made under Section 68 of the Income Tax Act were affirmed based on the sufficiency of documentary evidence and the failure of the AO to conduct independent inquiries. Additionally, the Tribunal supported the deletion of additions for delay in depositing employees' contributions to PF and ESIC, as well as the adhoc disallowance of power and fuel expenses, emphasizing compliance with judicial precedents and lack of incriminating material. en-us Mon, 11 Jan 2021 00:00:00 +0530 Sat, 03 Apr 2021 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403086 The Tribunal upheld the CIT(A)'s decisions in favor of the assessees, dismissing all appeals raised by the Revenue. The deletions of additions made under Section 68 of the Income Tax Act were affirmed based on the sufficiency of documentary evidence and the failure of the AO to conduct independent inquiries. Additionally, the Tribunal supported the deletion of additions for delay in depositing employees' contributions to PF and ESIC, as well as the adhoc disallowance of power and fuel expenses, emphasizing compliance with judicial precedents and lack of incriminating material. Case-Laws Income Tax Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403086