https://www.taxtmi.com/caselaws?id=61703 The President, acting as the Third Member, upheld the deletion of the addition of Rs. 26,24,981 by the CIT(A) in a tax case. The President emphasized that the revenue's appeal was allowed for statistical purposes only, as the CIT(A) was justified in deleting the addition. The decision highlighted that additions in block assessments must be supported by concrete evidence discovered during the search, rather than assumptions or conjectures. The case underscored the importance of substantiating claims with material evidence in tax assessments. en-us Thu, 04 Jan 2007 00:00:00 +0530 Fri, 14 Jan 2011 13:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61703 The President, acting as the Third Member, upheld the deletion of the addition of Rs. 26,24,981 by the CIT(A) in a tax case. The President emphasized that the revenue's appeal was allowed for statistical purposes only, as the CIT(A) was justified in deleting the addition. The decision highlighted that additions in block assessments must be supported by concrete evidence discovered during the search, rather than assumptions or conjectures. The case underscored the importance of substantiating claims with material evidence in tax assessments. Case-Laws Income Tax Thu, 04 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61703