https://www.taxtmi.com/caselaws?id=403232 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Revenue under section 68 of the Income Tax Act, 1961. The Tribunal emphasized the importance of considering the genuineness and regularity of business transactions before treating amounts as unexplained income. The judgment highlighted the significance of assessing all relevant evidence and circumstances before making such additions, ultimately dismissing the Revenue's appeal. en-us Wed, 16 Dec 2020 00:00:00 +0530 Fri, 22 Jan 2021 11:30:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403232 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Revenue under section 68 of the Income Tax Act, 1961. The Tribunal emphasized the importance of considering the genuineness and regularity of business transactions before treating amounts as unexplained income. The judgment highlighted the significance of assessing all relevant evidence and circumstances before making such additions, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403232