https://www.taxtmi.com/caselaws?id=422241 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made under section 68 of the Income-tax Act. The Tribunal found that the AO's findings lacked specific evidence and were based on presumptions, noting that the assessee had provided necessary documents supporting the genuineness of the transactions. Consequently, the Tribunal also deleted the consequential addition related to commission on the alleged accommodation entry. en-us Tue, 12 Apr 2022 00:00:00 +0530 Thu, 12 May 2022 08:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422241 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made under section 68 of the Income-tax Act. The Tribunal found that the AO's findings lacked specific evidence and were based on presumptions, noting that the assessee had provided necessary documents supporting the genuineness of the transactions. Consequently, the Tribunal also deleted the consequential addition related to commission on the alleged accommodation entry. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422241