https://www.taxtmi.com/caselaws?id=418837 The Tribunal upheld the CIT(A)'s decision to delete the addition under Section 68 of the Income Tax Act, as the assessee provided sufficient evidence to establish the genuineness of the transaction. The Tribunal dismissed the revenue's appeal and considered the assessee's challenge to the validity of the reopening as infructuous, ultimately ruling in favor of the assessee. en-us Thu, 17 Feb 2022 00:00:00 +0530 Fri, 25 Feb 2022 08:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418837 The Tribunal upheld the CIT(A)'s decision to delete the addition under Section 68 of the Income Tax Act, as the assessee provided sufficient evidence to establish the genuineness of the transaction. The Tribunal dismissed the revenue's appeal and considered the assessee's challenge to the validity of the reopening as infructuous, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418837