https://www.taxtmi.com/caselaws?id=781174 ITAT (Ahmedabad) allowed the assessee's appeal and deleted the addition made under s. 69B. The Tribunal held that revenue failed to produce cogent or corroborative evidence proving the impugned funds belonged to the assessee; findings below were based on assumptions and unsupported allegations of suspicious share-sale/penny-stock transactions. In absence of contrary material from the Department, the AO's addition was not sustained. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 16:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781174 ITAT (Ahmedabad) allowed the assessee's appeal and deleted the addition made under s. 69B. The Tribunal held that revenue failed to produce cogent or corroborative evidence proving the impugned funds belonged to the assessee; findings below were based on assumptions and unsupported allegations of suspicious share-sale/penny-stock transactions. In absence of contrary material from the Department, the AO's addition was not sustained. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781174