https://www.taxtmi.com/caselaws?id=424998 The Tribunal allowed the assessee's appeal in part, directing the AO to delete the addition of Rs. 2,96,48,700/- under Section 68 of the Income-tax Act, 1961. The disallowance of Rs. 9,77,970/- on account of foreign travel expenses was dismissed as not pressed. The Tribunal emphasized that non-compliance with notices under Section 133(6) cannot be the sole basis for making an addition under Section 68, and highlighted the duty of the Revenue to investigate without harassing the assessee unnecessarily. en-us Mon, 11 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 07:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424998 The Tribunal allowed the assessee's appeal in part, directing the AO to delete the addition of Rs. 2,96,48,700/- under Section 68 of the Income-tax Act, 1961. The disallowance of Rs. 9,77,970/- on account of foreign travel expenses was dismissed as not pressed. The Tribunal emphasized that non-compliance with notices under Section 133(6) cannot be the sole basis for making an addition under Section 68, and highlighted the duty of the Revenue to investigate without harassing the assessee unnecessarily. Case-Laws Income Tax Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424998