https://www.taxtmi.com/caselaws?id=771125 ITAT affirmed the CIT(A)'s order, finding that the assessee had disclosed the Hong Kong shareholding in the return for AY 2007-08 and that prosecution and Sessions Court records supported that disclosure; the revenue's appeal was dismissed. The Tribunal held the debit note related to inter-corporate transactions and no evidence showed receipt by the assessee in cash or kind despite search, so the AO's addition was rightly deleted and the appellate order was upheld. en-us Wed, 07 May 2025 00:00:00 +0530 Tue, 07 Oct 2025 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771125 ITAT affirmed the CIT(A)'s order, finding that the assessee had disclosed the Hong Kong shareholding in the return for AY 2007-08 and that prosecution and Sessions Court records supported that disclosure; the revenue's appeal was dismissed. The Tribunal held the debit note related to inter-corporate transactions and no evidence showed receipt by the assessee in cash or kind despite search, so the AO's addition was rightly deleted and the appellate order was upheld. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771125