https://www.taxtmi.com/caselaws?id=413950 The Tribunal found that the addition of Rs. 42,80,19,650 under section 68 was deleted due to lack of incriminating material and reliance on a retracted statement. The challenge to the validity of the assessment order was left open, favoring the assessee. Consequently, the appeal was allowed, and the addition by the Assessing Officer was deleted, with the Tribunal's order issued on 16.09.2021. en-us Thu, 16 Sep 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413950 The Tribunal found that the addition of Rs. 42,80,19,650 under section 68 was deleted due to lack of incriminating material and reliance on a retracted statement. The challenge to the validity of the assessment order was left open, favoring the assessee. Consequently, the appeal was allowed, and the addition by the Assessing Officer was deleted, with the Tribunal's order issued on 16.09.2021. Case-Laws Income Tax Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413950