https://www.taxtmi.com/caselaws?id=419670 The Appellate Tribunal upheld the CIT(A)'s decision to delete additions made by the AO regarding unexplained investment in a penny stock company, sale consideration of shares, and commission paid to an entry operator. The Tribunal emphasized the importance of incriminating material in assessments under section 153A of the Income Tax Act, 1961, ruling against the Revenue's appeal and in favor of the Assessee. en-us Thu, 17 Feb 2022 00:00:00 +0530 Thu, 17 Mar 2022 08:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419670 The Appellate Tribunal upheld the CIT(A)'s decision to delete additions made by the AO regarding unexplained investment in a penny stock company, sale consideration of shares, and commission paid to an entry operator. The Tribunal emphasized the importance of incriminating material in assessments under section 153A of the Income Tax Act, 1961, ruling against the Revenue's appeal and in favor of the Assessee. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419670