https://www.taxtmi.com/caselaws?id=403247 The Tribunal dismissed the revenue's appeals for both assessment years, affirming the CIT(A)'s decision to delete the additions. The Tribunal found that the assessee's transactions were genuine, supported by documentary evidence, and that the AO failed to provide any corroborative material to sustain the additions. The Tribunal also noted that the assessee was not named in the investigation report, and no opportunity for cross-examination was provided, rendering the additions unsustainable. en-us Wed, 20 Jan 2021 00:00:00 +0530 Fri, 22 Jan 2021 11:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403247 The Tribunal dismissed the revenue's appeals for both assessment years, affirming the CIT(A)'s decision to delete the additions. The Tribunal found that the assessee's transactions were genuine, supported by documentary evidence, and that the AO failed to provide any corroborative material to sustain the additions. The Tribunal also noted that the assessee was not named in the investigation report, and no opportunity for cross-examination was provided, rendering the additions unsustainable. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403247