https://www.taxtmi.com/caselaws?id=433013 The Tribunal upheld the CIT(A)'s decision to delete the addition under short-term capital gains and reject the addition towards unexplained credits under section 68 of the Act. The Tribunal found that the AO lacked sufficient evidence to support the additions and did not establish the necessary nexus between the entries in the seized documents and the assessee. The appeal filed by the revenue was dismissed. en-us Mon, 02 Jan 2023 00:00:00 +0530 Thu, 19 Jan 2023 08:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433013 The Tribunal upheld the CIT(A)'s decision to delete the addition under short-term capital gains and reject the addition towards unexplained credits under section 68 of the Act. The Tribunal found that the AO lacked sufficient evidence to support the additions and did not establish the necessary nexus between the entries in the seized documents and the assessee. The appeal filed by the revenue was dismissed. Case-Laws Income Tax Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433013