https://www.taxtmi.com/caselaws?id=407809 The ITAT set aside the CIT(A)'s order and directed the AO to delete the addition made under section 69 of the Income Tax Act, emphasizing the importance of corroborative evidence and independent inquiry in such cases. The appeal of the assessee was partly allowed, stressing the necessity for proper verification and substantiation of claims by tax authorities to ensure fair assessments. en-us Thu, 20 May 2021 00:00:00 +0530 Sat, 22 May 2021 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407809 The ITAT set aside the CIT(A)'s order and directed the AO to delete the addition made under section 69 of the Income Tax Act, emphasizing the importance of corroborative evidence and independent inquiry in such cases. The appeal of the assessee was partly allowed, stressing the necessity for proper verification and substantiation of claims by tax authorities to ensure fair assessments. Case-Laws Income Tax Thu, 20 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407809