https://www.taxtmi.com/caselaws?id=429696 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The additions made by the AO under Section 68 were deleted as the transactions were substantiated with documentary evidence and confirmations. The CIT(A) justified its findings based on the evidence provided by the assessee and upheld the deletion of disallowance under Section 14A due to the absence of exempt income. The Tribunal found no errors in the CIT(A)'s order and concluded that the transactions were genuine and in compliance with legal principles. en-us Mon, 17 Oct 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429696 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The additions made by the AO under Section 68 were deleted as the transactions were substantiated with documentary evidence and confirmations. The CIT(A) justified its findings based on the evidence provided by the assessee and upheld the deletion of disallowance under Section 14A due to the absence of exempt income. The Tribunal found no errors in the CIT(A)'s order and concluded that the transactions were genuine and in compliance with legal principles. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429696