https://www.taxtmi.com/caselaws?id=233912 The Tribunal held that the additions made by the Assessing Officer under Section 69B of the Income Tax Act lacked concrete evidence and were based on assumptions. Citing the lack of proof and referencing legal precedent, the Tribunal concluded that the revenue failed to meet the burden of proof. Consequently, the aggregate addition of Rs.2,09,72,810/- was deleted, and the appeals filed by the assessees were allowed. The Tribunal's order on 03-05-2013 directed the removal of the said additions. en-us Fri, 03 May 2013 00:00:00 +0530 Tue, 21 May 2013 08:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233912 The Tribunal held that the additions made by the Assessing Officer under Section 69B of the Income Tax Act lacked concrete evidence and were based on assumptions. Citing the lack of proof and referencing legal precedent, the Tribunal concluded that the revenue failed to meet the burden of proof. Consequently, the aggregate addition of Rs.2,09,72,810/- was deleted, and the appeals filed by the assessees were allowed. The Tribunal's order on 03-05-2013 directed the removal of the said additions. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233912