https://www.taxtmi.com/caselaws?id=410285 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of the addition made under Section 69B of the Income Tax Act. The Tribunal ruled that since the addition in the hands of the seller had already been deleted by higher judicial authorities, there was no basis for sustaining the addition in the hands of the purchaser. Consequently, the cross-objections raised by the assessee were deemed infructuous and dismissed. The Tribunal's decision was pronounced on 14.07.2021. en-us Wed, 14 Jul 2021 00:00:00 +0530 Wed, 28 Jul 2021 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410285 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of the addition made under Section 69B of the Income Tax Act. The Tribunal ruled that since the addition in the hands of the seller had already been deleted by higher judicial authorities, there was no basis for sustaining the addition in the hands of the purchaser. Consequently, the cross-objections raised by the assessee were deemed infructuous and dismissed. The Tribunal's decision was pronounced on 14.07.2021. Case-Laws Income Tax Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410285