https://www.taxtmi.com/caselaws?id=425031 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete additions made by the Assessing Officer under sections 68 and 69C of the Income Tax Act. The Tribunal found that the Assessing Officer failed to provide specific findings or evidence to support the additions, relying on general information. It was noted that the assessee had proven the legitimacy of the transactions through banking channels and documentation, and the additions based on unsubstantiated claims were deemed unjustified. en-us Fri, 20 May 2022 00:00:00 +0530 Thu, 14 Jul 2022 08:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425031 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete additions made by the Assessing Officer under sections 68 and 69C of the Income Tax Act. The Tribunal found that the Assessing Officer failed to provide specific findings or evidence to support the additions, relying on general information. It was noted that the assessee had proven the legitimacy of the transactions through banking channels and documentation, and the additions based on unsubstantiated claims were deemed unjustified. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425031