https://www.taxtmi.com/caselaws?id=440990 The Tribunal allowed the assessee's appeal for the assessment years 2013-14 and 2014-15, partially in their favor. The Tribunal found that the addition of Rs. 1,42,78,300 under Section 68 of the Income Tax Act was not justified as the revenue failed to disprove the assessee's explanation regarding the source of the funds. The Tribunal directed the Assessing Officer to delete the addition, resulting in the appeal being partly allowed for both years. en-us Fri, 30 Jun 2023 00:00:00 +0530 Mon, 31 Jul 2023 06:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440990 The Tribunal allowed the assessee's appeal for the assessment years 2013-14 and 2014-15, partially in their favor. The Tribunal found that the addition of Rs. 1,42,78,300 under Section 68 of the Income Tax Act was not justified as the revenue failed to disprove the assessee's explanation regarding the source of the funds. The Tribunal directed the Assessing Officer to delete the addition, resulting in the appeal being partly allowed for both years. Case-Laws Income Tax Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440990