https://www.taxtmi.com/caselaws?id=238295 The ITAT dismissed both departmental appeals for AY 1993-94 and AY 1994-95, upholding the CIT(A)'s decisions. The ITAT emphasized the importance of factual evidence and rejected additions based on estimates and uncorroborated statements in various income assessment matters, including income from refund rackets, Hawala transactions, consultancy income, interest, and dividend income. en-us Wed, 23 Jan 2013 00:00:00 +0530 Sun, 20 Oct 2013 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238295 The ITAT dismissed both departmental appeals for AY 1993-94 and AY 1994-95, upholding the CIT(A)'s decisions. The ITAT emphasized the importance of factual evidence and rejected additions based on estimates and uncorroborated statements in various income assessment matters, including income from refund rackets, Hawala transactions, consultancy income, interest, and dividend income. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238295