https://www.taxtmi.com/caselaws?id=308322 The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeals. It emphasized the importance of corroborative evidence beyond retracted statements to support disallowances and additions. The Tribunal upheld the genuineness of the transactions and expenses claimed by the assessee, directing the AO to delete unsupported disallowances and additions. en-us Tue, 07 Jun 2022 00:00:00 +0530 Fri, 16 Jun 2023 07:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308322 The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeals. It emphasized the importance of corroborative evidence beyond retracted statements to support disallowances and additions. The Tribunal upheld the genuineness of the transactions and expenses claimed by the assessee, directing the AO to delete unsupported disallowances and additions. Case-Laws Income Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308322