https://www.taxtmi.com/caselaws?id=438513 The Appellate Tribunal directed the AO to delete the addition made under section 68 of the Income Tax Act, acknowledging the lack of evidence linking the appellant to the alleged non-genuine transactions. The Tribunal allowed the appeal by the assessee, emphasizing the importance of establishing a clear nexus between the taxpayer and any fraudulent activities in tax assessments. en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 08:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438513 The Appellate Tribunal directed the AO to delete the addition made under section 68 of the Income Tax Act, acknowledging the lack of evidence linking the appellant to the alleged non-genuine transactions. The Tribunal allowed the appeal by the assessee, emphasizing the importance of establishing a clear nexus between the taxpayer and any fraudulent activities in tax assessments. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438513