https://www.taxtmi.com/caselaws?id=432728 The Tribunal dismissed both appeals filed by the assessee, confirming the legality of the assessment order under section 147, the addition under section 68, the restriction of deduction under section 80HHC, and the imposition of penalty under section 271(1)(c). The Tribunal found that the assessee failed to substantiate the genuineness of transactions and provided inaccurate particulars of income, justifying the actions taken by the lower authorities. en-us Thu, 17 Nov 2022 00:00:00 +0530 Thu, 12 Jan 2023 08:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432728 The Tribunal dismissed both appeals filed by the assessee, confirming the legality of the assessment order under section 147, the addition under section 68, the restriction of deduction under section 80HHC, and the imposition of penalty under section 271(1)(c). The Tribunal found that the assessee failed to substantiate the genuineness of transactions and provided inaccurate particulars of income, justifying the actions taken by the lower authorities. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432728