https://www.taxtmi.com/caselaws?id=412113 The ITAT dismissed the revenue's appeal against the deletion of an addition made under section 69A r.w.s. 115BBE of the Income Tax Act, 1961 for A.Y. 2017-18. The CIT(A)'s decision to delete the addition was upheld, emphasizing the proper disclosure and taxation of income by the assessee. The ITAT found no discrepancies in the information provided and concluded that there was no basis for invoking section 69A. Both the revenue's appeal and the assessee's cross objections were dismissed, highlighting the importance of transparency and compliance with tax laws in income disclosure and taxation. en-us Wed, 08 Sep 2021 00:00:00 +0530 Fri, 10 Sep 2021 09:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412113 The ITAT dismissed the revenue's appeal against the deletion of an addition made under section 69A r.w.s. 115BBE of the Income Tax Act, 1961 for A.Y. 2017-18. The CIT(A)'s decision to delete the addition was upheld, emphasizing the proper disclosure and taxation of income by the assessee. The ITAT found no discrepancies in the information provided and concluded that there was no basis for invoking section 69A. Both the revenue's appeal and the assessee's cross objections were dismissed, highlighting the importance of transparency and compliance with tax laws in income disclosure and taxation. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412113