https://www.taxtmi.com/caselaws?id=774031 The Tribunal dismissed the Revenue's appeal and upheld deletion of Rs. 3,00,00,000 addition made under Section 69A. The assessee successfully explained that advances to another company were sourced from FDI funds received from its Mauritius parent company through proper banking channels with regulatory approval. The amount was subsequently recovered, with complete documentary evidence provided. The AO failed to consider uploaded evidence during assessment proceedings. The Tribunal held that where an assessee provides credible documentary proof explaining the source of investments, additions under Section 69A cannot be sustained, emphasizing that the AO must examine all evidence before making such additions. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774031 The Tribunal dismissed the Revenue's appeal and upheld deletion of Rs. 3,00,00,000 addition made under Section 69A. The assessee successfully explained that advances to another company were sourced from FDI funds received from its Mauritius parent company through proper banking channels with regulatory approval. The amount was subsequently recovered, with complete documentary evidence provided. The AO failed to consider uploaded evidence during assessment proceedings. The Tribunal held that where an assessee provides credible documentary proof explaining the source of investments, additions under Section 69A cannot be sustained, emphasizing that the AO must examine all evidence before making such additions. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774031