https://www.taxtmi.com/caselaws?id=67608 The Tribunal overturned the ITO's assessment, finding it lacked sufficient and reliable evidence. The entire addition of Rs. 24.15 lakhs was deleted, emphasizing procedural fairness and the need for concrete evidence in assessments. The Commissioner (Appeals) was directed to address other grounds raised by the assessee. The departmental appeal was dismissed, and the assessee's appeal was partly allowed. en-us Mon, 10 Jun 1985 00:00:00 +0530 Fri, 11 Mar 2011 16:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67608 The Tribunal overturned the ITO's assessment, finding it lacked sufficient and reliable evidence. The entire addition of Rs. 24.15 lakhs was deleted, emphasizing procedural fairness and the need for concrete evidence in assessments. The Commissioner (Appeals) was directed to address other grounds raised by the assessee. The departmental appeal was dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Mon, 10 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67608