https://www.taxtmi.com/caselaws?id=413175 The Tribunal allowed all appeals, deleting additions made under Sections 68 and 69C of the Income Tax Act. The Assessing Officer failed to disprove the genuineness of transactions despite the assessee providing substantial documentary evidence. The Tribunal found no concrete evidence for the estimated commission added under Section 69C, leading to its deletion. Similar findings were made for subsequent assessment years, resulting in the deletion of additions for those years as well. The Tribunal directed the AO to re-compute the income accordingly. en-us Fri, 01 Oct 2021 00:00:00 +0530 Wed, 24 Nov 2021 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413175 The Tribunal allowed all appeals, deleting additions made under Sections 68 and 69C of the Income Tax Act. The Assessing Officer failed to disprove the genuineness of transactions despite the assessee providing substantial documentary evidence. The Tribunal found no concrete evidence for the estimated commission added under Section 69C, leading to its deletion. Similar findings were made for subsequent assessment years, resulting in the deletion of additions for those years as well. The Tribunal directed the AO to re-compute the income accordingly. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413175