https://www.taxtmi.com/caselaws?id=307104 The High Court dismissed the tax appeal challenging additions made under sections 68 and 69C of the Income Tax Act. The Court upheld the Tribunal's decision to delete the additions, emphasizing the lack of concrete evidence to prove allegations of sham transactions and commission payments. The Court concurred with the Tribunal's findings that the Assessing Officer's additions lacked sufficient evidentiary support and were not based on solid legal grounds, ultimately ruling in favor of the assessee. en-us Tue, 12 Apr 2022 00:00:00 +0530 Fri, 17 Mar 2023 21:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307104 The High Court dismissed the tax appeal challenging additions made under sections 68 and 69C of the Income Tax Act. The Court upheld the Tribunal's decision to delete the additions, emphasizing the lack of concrete evidence to prove allegations of sham transactions and commission payments. The Court concurred with the Tribunal's findings that the Assessing Officer's additions lacked sufficient evidentiary support and were not based on solid legal grounds, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307104