https://www.taxtmi.com/caselaws?id=456024 The Tribunal allowed the appeal, overturning the NFAC's order and setting aside the Rs. 1,78,500/- addition made by the Assessing Officer under section 68 of the Income-tax Act, 1961. The Tribunal found the transactions genuine and noted the absence of contrary precedents favoring the Revenue on similar facts. en-us Tue, 03 Jan 2023 00:00:00 +0530 Sat, 22 Jun 2024 07:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456024 The Tribunal allowed the appeal, overturning the NFAC's order and setting aside the Rs. 1,78,500/- addition made by the Assessing Officer under section 68 of the Income-tax Act, 1961. The Tribunal found the transactions genuine and noted the absence of contrary precedents favoring the Revenue on similar facts. Case-Laws Income Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456024