https://www.taxtmi.com/caselaws?id=782288 ITAT Delhi (AT) dismissed the Revenue's appeal and upheld deletion of addition u/s 68. The Tribunal held that identity and creditworthiness of the prospective purchaser were not in dispute and genuineness was supported by deduction and deposit of TDS of Rs. 2,50,000 on Rs. 2.50 crores, Form 26QB, and bank statements showing receipt of Rs. 2,47,50,000. The transaction, though based on an oral agreement between related parties, was corroborated by documentary evidence. AO's doubts based on human probabilities and alleged money laundering were found unjustified. en-us Thu, 31 Jul 2025 00:00:00 +0530 Tue, 25 Nov 2025 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782288 ITAT Delhi (AT) dismissed the Revenue's appeal and upheld deletion of addition u/s 68. The Tribunal held that identity and creditworthiness of the prospective purchaser were not in dispute and genuineness was supported by deduction and deposit of TDS of Rs. 2,50,000 on Rs. 2.50 crores, Form 26QB, and bank statements showing receipt of Rs. 2,47,50,000. The transaction, though based on an oral agreement between related parties, was corroborated by documentary evidence. AO's doubts based on human probabilities and alleged money laundering were found unjustified. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782288