https://www.taxtmi.com/caselaws?id=424922 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal emphasized the importance of natural justice and the necessity for the AO to conduct proper inquiries before making additions under Section 68 of the Income Tax Act. The Tribunal found the assessee's explanations and evidence satisfactory and in compliance with legal requirements, ultimately ruling in favor of the assessee on all issues raised in the case. en-us Tue, 31 May 2022 00:00:00 +0530 Mon, 11 Jul 2022 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424922 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The Tribunal emphasized the importance of natural justice and the necessity for the AO to conduct proper inquiries before making additions under Section 68 of the Income Tax Act. The Tribunal found the assessee's explanations and evidence satisfactory and in compliance with legal requirements, ultimately ruling in favor of the assessee on all issues raised in the case. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424922