https://www.taxtmi.com/caselaws?id=442359 The Court dismissed the Revenue's appeal in ITA No. 1597/Del/2022, upholding the CIT(A)'s decision to delete the addition of Rs. 3,89,52,097 under section 68 of the IT Act, 1961. The Court found no evidence of wrongdoing by the assessee and emphasized the importance of genuine entries and matching cash balances in the books of accounts. Due to the lack of defects in stock data and the acceptance of books of accounts, the Revenue's appeal was dismissed, and the CIT(A)'s decision was upheld. en-us Thu, 24 Aug 2023 00:00:00 +0530 Tue, 29 Aug 2023 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442359 The Court dismissed the Revenue's appeal in ITA No. 1597/Del/2022, upholding the CIT(A)'s decision to delete the addition of Rs. 3,89,52,097 under section 68 of the IT Act, 1961. The Court found no evidence of wrongdoing by the assessee and emphasized the importance of genuine entries and matching cash balances in the books of accounts. Due to the lack of defects in stock data and the acceptance of books of accounts, the Revenue's appeal was dismissed, and the CIT(A)'s decision was upheld. Case-Laws Income Tax Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442359