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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tribunal Upholds CIT(A) Decision: No Direct Evidence Found u/ss 69 and 56 for Sunshine Group Case.</h1> The Tribunal reviewed appeals against the deletion of additions made by the Assessing Officer under Sections 69 and 56 of the Income Tax Act for the years 2012-13 to 2018-19. These additions were based on materials from a search on the Sunshine Group, suggesting unsecured loans and bogus investments. The Tribunal found no direct incriminating evidence linking the assessee to these activities, as the evidence was based on third-party statements. The Tribunal upheld the CIT(A)'s decision to delete the additions, dismissing the Revenue's appeals and supporting the CIT(A)'s findings due to insufficient direct evidence.
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