https://www.taxtmi.com/caselaws?id=436666 The Tribunal set aside the Commissioner of Income Tax (Appeal)'s decision and deleted the addition of Rs. 10,60,50,000 made by the Assessing Officer under Section 68 of the Income Tax Act. The Tribunal found that the Assessing Officer failed to conduct a proper inquiry and the assessee had sufficiently proven the genuineness of the transactions, leading to the appeal being allowed. en-us Thu, 13 Apr 2023 00:00:00 +0530 Tue, 18 Apr 2023 08:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436666 The Tribunal set aside the Commissioner of Income Tax (Appeal)'s decision and deleted the addition of Rs. 10,60,50,000 made by the Assessing Officer under Section 68 of the Income Tax Act. The Tribunal found that the Assessing Officer failed to conduct a proper inquiry and the assessee had sufficiently proven the genuineness of the transactions, leading to the appeal being allowed. Case-Laws Income Tax Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436666