https://www.taxtmi.com/caselaws?id=440721 The Tribunal partially allowed the Revenue's appeal, overturning the Commissioner of Income Tax (Appeals)'s decision to delete the addition made by the Assessing Officer under section 68 of the Income Tax Act. The Tribunal found that the CIT(A) had not adequately verified the details of the transactions, leading to a lack of basis for the deletion. The issue was remanded back to the Assessing Officer for fresh consideration with additional information from the assessee. en-us Fri, 21 Jul 2023 00:00:00 +0530 Tue, 25 Jul 2023 08:14:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440721 The Tribunal partially allowed the Revenue's appeal, overturning the Commissioner of Income Tax (Appeals)'s decision to delete the addition made by the Assessing Officer under section 68 of the Income Tax Act. The Tribunal found that the CIT(A) had not adequately verified the details of the transactions, leading to a lack of basis for the deletion. The issue was remanded back to the Assessing Officer for fresh consideration with additional information from the assessee. Case-Laws Income Tax Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440721