https://www.taxtmi.com/caselaws?id=215380 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to delete additions under section 69C of the Income Tax Act for unaccounted expenditure and unaccounted investment in a building owned by V.M. Enterprise, as well as to scale down an addition for expenses on machinery. The Tribunal emphasized the necessity of concrete evidence to support additions and cautioned against relying solely on statements made during surveys without additional corroboration. en-us Fri, 22 Jun 2012 00:00:00 +0530 Wed, 01 Aug 2012 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215380 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to delete additions under section 69C of the Income Tax Act for unaccounted expenditure and unaccounted investment in a building owned by V.M. Enterprise, as well as to scale down an addition for expenses on machinery. The Tribunal emphasized the necessity of concrete evidence to support additions and cautioned against relying solely on statements made during surveys without additional corroboration. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215380