https://www.taxtmi.com/caselaws?id=438300 The Tribunal upheld the decision of the ld. CIT (Appeals) to delete the addition of Rs.2,50,00,000/- made under section 68 of the Income Tax Act, 1961. The Tribunal found no fault in the deletion of the addition, emphasizing that assessments without incriminating material are not valid. The appeal filed by the Revenue was dismissed, and the decision in favor of the assessee was upheld. en-us Thu, 25 May 2023 00:00:00 +0530 Sat, 27 May 2023 09:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438300 The Tribunal upheld the decision of the ld. CIT (Appeals) to delete the addition of Rs.2,50,00,000/- made under section 68 of the Income Tax Act, 1961. The Tribunal found no fault in the deletion of the addition, emphasizing that assessments without incriminating material are not valid. The appeal filed by the Revenue was dismissed, and the decision in favor of the assessee was upheld. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438300