https://www.taxtmi.com/caselaws?id=433706 The Tribunal upheld the deletion of the addition of Rs. 2,10,00,000 under Section 68, as the assessee provided substantial evidence proving the genuineness of the transactions. The restriction of estimated expenses to 10% was also upheld, with the Tribunal finding the AO's higher disallowance arbitrary and lacking valid justification. The revenue's appeal was dismissed on both issues, and the order was pronounced on 16.01.2023. en-us Mon, 16 Jan 2023 00:00:00 +0530 Tue, 07 Feb 2023 10:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433706 The Tribunal upheld the deletion of the addition of Rs. 2,10,00,000 under Section 68, as the assessee provided substantial evidence proving the genuineness of the transactions. The restriction of estimated expenses to 10% was also upheld, with the Tribunal finding the AO's higher disallowance arbitrary and lacking valid justification. The revenue's appeal was dismissed on both issues, and the order was pronounced on 16.01.2023. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433706