https://www.taxtmi.com/caselaws?id=428289 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 65,52,478/- and Rs. 40,05,654/- related to inter-banking transactions and realization from sundry debtors, respectively, citing lack of discrepancies and judicial precedents. Additionally, the Tribunal deleted the Rs. 3,58,428/- addition due to unexplained differences in accounts, emphasizing the necessity of rejecting books of accounts before making such additions. The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection, emphasizing the importance of reasonable explanations and proper verification of records in line with established judicial precedents. en-us Thu, 15 Sep 2022 00:00:00 +0530 Mon, 26 Sep 2022 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428289 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 65,52,478/- and Rs. 40,05,654/- related to inter-banking transactions and realization from sundry debtors, respectively, citing lack of discrepancies and judicial precedents. Additionally, the Tribunal deleted the Rs. 3,58,428/- addition due to unexplained differences in accounts, emphasizing the necessity of rejecting books of accounts before making such additions. The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection, emphasizing the importance of reasonable explanations and proper verification of records in line with established judicial precedents. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428289