https://www.taxtmi.com/caselaws?id=307105 The Tribunal allowed the cross-objections for AYs 2012-13 and 2013-14, holding that additions made by the AO under sections 68 and 69C were unsustainable without incriminating material. The Revenue's appeals for these years were dismissed. For AYs 2014-15 and 2015-16, the Tribunal upheld the CIT(A)'s order, as the assessee provided sufficient evidence for transactions, discrediting the AO's reliance on third-party statements and SEBI orders. The Revenue's appeals for these years were also dismissed. en-us Tue, 29 Nov 2022 00:00:00 +0530 Sat, 18 Mar 2023 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307105 The Tribunal allowed the cross-objections for AYs 2012-13 and 2013-14, holding that additions made by the AO under sections 68 and 69C were unsustainable without incriminating material. The Revenue's appeals for these years were dismissed. For AYs 2014-15 and 2015-16, the Tribunal upheld the CIT(A)'s order, as the assessee provided sufficient evidence for transactions, discrediting the AO's reliance on third-party statements and SEBI orders. The Revenue's appeals for these years were also dismissed. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307105