https://www.taxtmi.com/caselaws?id=307095 The Tribunal dismissed the Revenue's appeal, highlighting the genuineness of the transactions supported by substantial evidence and a favorable remand report. It concluded that the Revenue should not have appealed when the Assessing Officer accepted the assessee's contentions. The additions made under Sections 68 and 69C of the Income Tax Act were deleted by the Commissioner of Income Tax (Appeals) based on the evidence and the remand report, emphasizing the lack of adverse findings against the assessee. en-us Mon, 17 Jan 2022 00:00:00 +0530 Fri, 17 Mar 2023 21:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307095 The Tribunal dismissed the Revenue's appeal, highlighting the genuineness of the transactions supported by substantial evidence and a favorable remand report. It concluded that the Revenue should not have appealed when the Assessing Officer accepted the assessee's contentions. The additions made under Sections 68 and 69C of the Income Tax Act were deleted by the Commissioner of Income Tax (Appeals) based on the evidence and the remand report, emphasizing the lack of adverse findings against the assessee. Case-Laws Income Tax Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307095