https://www.taxtmi.com/caselaws?id=151876 The Tribunal, by majority opinion, held that the addition of Rs. 60 lakhs based on diary entries was not justified as there was a lack of corroborative evidence supporting the possession of the said amount. The explanation provided by the assessee regarding the entries being related to planning for his daughter's marriage was deemed plausible. Consequently, the appeal was allowed, and the addition of Rs. 60 lakhs was deleted. en-us Thu, 07 Mar 2002 00:00:00 +0530 Tue, 18 Jun 2013 16:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151876 The Tribunal, by majority opinion, held that the addition of Rs. 60 lakhs based on diary entries was not justified as there was a lack of corroborative evidence supporting the possession of the said amount. The explanation provided by the assessee regarding the entries being related to planning for his daughter's marriage was deemed plausible. Consequently, the appeal was allowed, and the addition of Rs. 60 lakhs was deleted. Case-Laws Income Tax Thu, 07 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151876