https://www.taxtmi.com/caselaws?id=301324 The Tribunal ruled in favor of the assessee regarding the addition under Section 153A due to the absence of incriminating material. However, the Tribunal upheld the Assessing Officer's decisions on other issues, including disallowance under Section 10(38), legality of the addition under Section 68, and application of the theory of human probability. The Tribunal emphasized the importance of corroborative evidence and preponderance of probabilities in determining the genuineness of transactions. en-us Mon, 27 Jan 2020 00:00:00 +0530 Sun, 27 Mar 2022 09:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301324 The Tribunal ruled in favor of the assessee regarding the addition under Section 153A due to the absence of incriminating material. However, the Tribunal upheld the Assessing Officer's decisions on other issues, including disallowance under Section 10(38), legality of the addition under Section 68, and application of the theory of human probability. The Tribunal emphasized the importance of corroborative evidence and preponderance of probabilities in determining the genuineness of transactions. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301324