https://www.taxtmi.com/caselaws?id=294123 The ITAT concluded that the assessee must meet the burden of proof under Section 68 of the Income Tax Act for international transactions. The CIT(A)'s decision was set aside, and the case was remanded to the AO for reevaluation, considering additional evidence. The appeal was allowed for statistical purposes, directing the AO to make a decision in accordance with the law. en-us Fri, 14 Feb 2014 00:00:00 +0530 Tue, 12 Nov 2024 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294123 The ITAT concluded that the assessee must meet the burden of proof under Section 68 of the Income Tax Act for international transactions. The CIT(A)'s decision was set aside, and the case was remanded to the AO for reevaluation, considering additional evidence. The appeal was allowed for statistical purposes, directing the AO to make a decision in accordance with the law. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294123