https://www.taxtmi.com/caselaws?id=404105 The Tribunal ruled in favor of the assessee, directing the deletion of additions made by the Assessing Officer under Section 68 of the Income Tax Act for unexplained share application money and unaccounted income from the sale of flats in cooperative societies. The Tribunal found lack of tangible evidence and factual inaccuracies in the AO's statements, dismissing the revenue's appeal and allowing the assessee's appeal. The Stay Application was deemed redundant following the disposal of the appeals. en-us Thu, 04 Feb 2021 00:00:00 +0530 Tue, 16 Feb 2021 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404105 The Tribunal ruled in favor of the assessee, directing the deletion of additions made by the Assessing Officer under Section 68 of the Income Tax Act for unexplained share application money and unaccounted income from the sale of flats in cooperative societies. The Tribunal found lack of tangible evidence and factual inaccuracies in the AO's statements, dismissing the revenue's appeal and allowing the assessee's appeal. The Stay Application was deemed redundant following the disposal of the appeals. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404105