https://www.taxtmi.com/caselaws?id=155042 The Customs, Excise and Service Tax Appellate Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)' decision to delete additions totaling Rs. 1,30,35,419. The Tribunal found that the Assessing Officer's additions lacked merit as they were based on hypothetical scenarios without concrete evidence. It was noted that the retracted statement of the director was made under duress and lacked independent corroboration. The Tribunal emphasized the necessity of independent evidence and lawful procedures in income additions. en-us Wed, 29 Feb 2012 00:00:00 +0530 Mon, 07 May 2018 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155042 The Customs, Excise and Service Tax Appellate Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)' decision to delete additions totaling Rs. 1,30,35,419. The Tribunal found that the Assessing Officer's additions lacked merit as they were based on hypothetical scenarios without concrete evidence. It was noted that the retracted statement of the director was made under duress and lacked independent corroboration. The Tribunal emphasized the necessity of independent evidence and lawful procedures in income additions. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155042