https://www.taxtmi.com/caselaws?id=414893 The Tribunal allowed the appeal, ordering the deletion of the addition of Rs. 5,91,00,000. The lower authorities were found to have unjustifiably sustained the addition, as the assessee had provided ample evidence establishing the identity, creditworthiness, and genuineness of the transactions. The Tribunal criticized the CIT(A) for not properly examining the facts and for relying on case laws without discussing their relevance to the case. The AO's insistence on personal appearances without identifying any specific discrepancies in the documents submitted was deemed unreasonable. en-us Tue, 26 Oct 2021 00:00:00 +0530 Thu, 18 Nov 2021 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414893 The Tribunal allowed the appeal, ordering the deletion of the addition of Rs. 5,91,00,000. The lower authorities were found to have unjustifiably sustained the addition, as the assessee had provided ample evidence establishing the identity, creditworthiness, and genuineness of the transactions. The Tribunal criticized the CIT(A) for not properly examining the facts and for relying on case laws without discussing their relevance to the case. The AO's insistence on personal appearances without identifying any specific discrepancies in the documents submitted was deemed unreasonable. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414893