https://www.taxtmi.com/caselaws?id=118180 The Tribunal allowed the appeal filed by the assessee, deleting the additions of Rs. 12,18,500 and Rs. 1,37,750. The judgment emphasized that assessments must be based on legitimate material and not on mere suspicion or past history. The Tribunal relied on the Orissa High Court's decision to reinforce that past events alone cannot justify additions for subsequent assessment years without contemporaneous evidence. en-us Tue, 13 Jun 2006 00:00:00 +0530 Thu, 28 Jun 2012 18:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118180 The Tribunal allowed the appeal filed by the assessee, deleting the additions of Rs. 12,18,500 and Rs. 1,37,750. The judgment emphasized that assessments must be based on legitimate material and not on mere suspicion or past history. The Tribunal relied on the Orissa High Court's decision to reinforce that past events alone cannot justify additions for subsequent assessment years without contemporaneous evidence. Case-Laws Income Tax Tue, 13 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118180