https://www.taxtmi.com/caselaws?id=777858 ITAT, MUMBAI dismissed the Revenue's appeal and upheld CIT(A)'s deletion of additions under s.68 and s.69C. The Tribunal found bank statements and Demat account entries reconciled with share purchase/sale transactions, and the AO's addition relied solely on the investigation wing without independent verification. The assessee discharged the primary onus and Revenue failed to bring material to shift that onus back. Consequently, the addition as unexplained cash credit under s.68 and deemed commission under s.69C were deleted. en-us Tue, 14 Jan 2025 00:00:00 +0530 Sat, 06 Sep 2025 08:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777858 ITAT, MUMBAI dismissed the Revenue's appeal and upheld CIT(A)'s deletion of additions under s.68 and s.69C. The Tribunal found bank statements and Demat account entries reconciled with share purchase/sale transactions, and the AO's addition relied solely on the investigation wing without independent verification. The assessee discharged the primary onus and Revenue failed to bring material to shift that onus back. Consequently, the addition as unexplained cash credit under s.68 and deemed commission under s.69C were deleted. Case-Laws Income Tax Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777858