https://www.taxtmi.com/caselaws?id=307006 The CIT(A) deleted the addition made by the AO under Section 68, finding that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the transaction. The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal, noting that the AO's addition was based on mere surmises and conjectures without substantive evidence. en-us Fri, 29 Apr 2022 00:00:00 +0530 Sun, 12 Mar 2023 10:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307006 The CIT(A) deleted the addition made by the AO under Section 68, finding that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the transaction. The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal, noting that the AO's addition was based on mere surmises and conjectures without substantive evidence. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307006