https://www.taxtmi.com/caselaws?id=309125 The ITAT upheld the decision of the Ld. CIT(A) to delete the addition made under section 68 of the Income Tax Act, 1961 by the AO. The ITAT found no evidence of fraudulent activities by the assessee, a non-resident Canadian Citizen of Indian Origin, who had appointed a Professional Investment Advisor for trading. Emphasizing the innocence of the assessee as a genuine investor, the ITAT dismissed the revenue's appeal, affirming that the addition was not justified. en-us Tue, 17 Jan 2023 00:00:00 +0530 Fri, 11 Aug 2023 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309125 The ITAT upheld the decision of the Ld. CIT(A) to delete the addition made under section 68 of the Income Tax Act, 1961 by the AO. The ITAT found no evidence of fraudulent activities by the assessee, a non-resident Canadian Citizen of Indian Origin, who had appointed a Professional Investment Advisor for trading. Emphasizing the innocence of the assessee as a genuine investor, the ITAT dismissed the revenue's appeal, affirming that the addition was not justified. Case-Laws Income Tax Tue, 17 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309125