https://www.taxtmi.com/caselaws?id=408590 The Tribunal upheld the CIT(A)'s decisions, consistently finding the AO's adverse inferences unjustified due to the sufficiency of evidence provided by the assessee. The Tribunal emphasized the necessity for proper inquiry and evidence in making additions under sections 68 and 56(2)(viib) and disallowances under sections 36(1)(va) and 40(a)(i) of the Income Tax Act, 1961. en-us Tue, 13 Apr 2021 00:00:00 +0530 Sat, 26 Oct 2024 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408590 The Tribunal upheld the CIT(A)'s decisions, consistently finding the AO's adverse inferences unjustified due to the sufficiency of evidence provided by the assessee. The Tribunal emphasized the necessity for proper inquiry and evidence in making additions under sections 68 and 56(2)(viib) and disallowances under sections 36(1)(va) and 40(a)(i) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408590