https://www.taxtmi.com/caselaws?id=301316 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision. The Tribunal found no violation of Rule 46A of IT Rules in admitting fresh evidence and upheld the deletion of the addition made under section 68 of the IT Act. It also confirmed the genuineness of transactions under section 68 of the Act based on evidence presented, including confirming accounts and ledger copies. The Tribunal considered the precedent value of orders from different CIT (A) and supported the Ld. CIT(A)'s detailed and reasoned order regarding Basant Marketing P. Ltd.'s activities. en-us Thu, 12 Aug 2021 00:00:00 +0530 Sat, 26 Mar 2022 08:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301316 The Tribunal dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision. The Tribunal found no violation of Rule 46A of IT Rules in admitting fresh evidence and upheld the deletion of the addition made under section 68 of the IT Act. It also confirmed the genuineness of transactions under section 68 of the Act based on evidence presented, including confirming accounts and ledger copies. The Tribunal considered the precedent value of orders from different CIT (A) and supported the Ld. CIT(A)'s detailed and reasoned order regarding Basant Marketing P. Ltd.'s activities. Case-Laws Income Tax Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301316