https://www.taxtmi.com/caselaws?id=464463 Tribunal allowed the taxpayer's appeal under section 68, set aside the AO's addition and reversed CIT(A)'s affirmation, finding that the advances were supported by documents, refunded within three months in the same year, and corroborated by responses to notices under section 133(6). The AO relied on a retracted third-party statement recorded during a search and did not issue any notice under section 131 or undertake further verification. HC held there is no substantial question of law arising from the Tribunal's factual findings and affirmed the Tribunal's decision. en-us Tue, 10 Jun 2025 00:00:00 +0530 Thu, 30 Oct 2025 20:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464463 Tribunal allowed the taxpayer's appeal under section 68, set aside the AO's addition and reversed CIT(A)'s affirmation, finding that the advances were supported by documents, refunded within three months in the same year, and corroborated by responses to notices under section 133(6). The AO relied on a retracted third-party statement recorded during a search and did not issue any notice under section 131 or undertake further verification. HC held there is no substantial question of law arising from the Tribunal's factual findings and affirmed the Tribunal's decision. Case-Laws Income Tax Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464463