https://www.taxtmi.com/caselaws?id=300308 The Tribunal allowed the appeals of the assessees, directing the deletion of additions made by the AO and granting the claimed exemptions under section 10(38) of the Income Tax Act. The Tribunal emphasized the lack of substantive evidence directly implicating the assessee in the alleged transactions and highlighted the importance of legal evidence over mere suspicion. The orders were pronounced on 16/02/2021. en-us Tue, 16 Feb 2021 00:00:00 +0530 Sun, 23 Jan 2022 20:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300308 The Tribunal allowed the appeals of the assessees, directing the deletion of additions made by the AO and granting the claimed exemptions under section 10(38) of the Income Tax Act. The Tribunal emphasized the lack of substantive evidence directly implicating the assessee in the alleged transactions and highlighted the importance of legal evidence over mere suspicion. The orders were pronounced on 16/02/2021. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300308