https://www.taxtmi.com/caselaws?id=236034 The ITAT allowed the assessee's appeal and deleted the addition of Rs. 37 lacs as income from undisclosed sources. The ITAT found that the Assessing Officer failed to provide sufficient evidence to support the addition, as there was no proof of actual payment of the balance amount. The ITAT concluded that the addition was based on presumptions without concrete evidence, leading to the deletion of the addition and in favor of the assessee. en-us Wed, 31 Jul 2013 00:00:00 +0530 Mon, 12 Aug 2013 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236034 The ITAT allowed the assessee's appeal and deleted the addition of Rs. 37 lacs as income from undisclosed sources. The ITAT found that the Assessing Officer failed to provide sufficient evidence to support the addition, as there was no proof of actual payment of the balance amount. The ITAT concluded that the addition was based on presumptions without concrete evidence, leading to the deletion of the addition and in favor of the assessee. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236034