https://www.taxtmi.com/caselaws?id=410060 The appeal was partly allowed, with the denial of the claim under Section 10(38) being reversed. The authorities' reliance on the investigation report without corroborative evidence was deemed unjustified. The Stay Application filed by the assessee became infructuous. The judgment emphasized the need for concrete evidence over suspicion and upheld the assessee's documentary proof of genuine transactions. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410060 The appeal was partly allowed, with the denial of the claim under Section 10(38) being reversed. The authorities' reliance on the investigation report without corroborative evidence was deemed unjustified. The Stay Application filed by the assessee became infructuous. The judgment emphasized the need for concrete evidence over suspicion and upheld the assessee's documentary proof of genuine transactions. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410060