https://www.taxtmi.com/caselaws?id=419680 The Tribunal upheld the First Appellate Authority's decision to delete the addition of Rs. 2,30,56,317/- under Section 68 of the Income Tax Act, citing that the Assessing Officer had not adequately examined the evidence provided by the assessee. The Tribunal remitted the issue of the addition of Rs. 1,14,754/- for a bank reconciliation difference back to the FAA for further review. Additionally, the Tribunal found no fault in the FAA's admission of additional evidence under Rule 46A, dismissing the revenue's appeal. The appeal was partly allowed for statistical purposes. en-us Tue, 15 Mar 2022 00:00:00 +0530 Thu, 17 Mar 2022 08:34:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419680 The Tribunal upheld the First Appellate Authority's decision to delete the addition of Rs. 2,30,56,317/- under Section 68 of the Income Tax Act, citing that the Assessing Officer had not adequately examined the evidence provided by the assessee. The Tribunal remitted the issue of the addition of Rs. 1,14,754/- for a bank reconciliation difference back to the FAA for further review. Additionally, the Tribunal found no fault in the FAA's admission of additional evidence under Rule 46A, dismissing the revenue's appeal. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419680