https://www.taxtmi.com/caselaws?id=407180 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3.35 crores under Section 69 of the Income-tax Act. The Tribunal found that the AO erred in not verifying the facts properly and disregarding substantial evidence presented by the assessee, demonstrating that the transactions were fraudulent and not related to the assessee. The Tribunal emphasized the appellate authority's duty to rectify such mistakes and uphold justice. en-us Fri, 05 Mar 2021 00:00:00 +0530 Mon, 03 May 2021 08:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407180 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3.35 crores under Section 69 of the Income-tax Act. The Tribunal found that the AO erred in not verifying the facts properly and disregarding substantial evidence presented by the assessee, demonstrating that the transactions were fraudulent and not related to the assessee. The Tribunal emphasized the appellate authority's duty to rectify such mistakes and uphold justice. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407180