https://www.taxtmi.com/caselaws?id=238833 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s orders on all issues. The judgment emphasized the necessity of substantial evidence and proper verification by the assessing officer before making additions under Section 68 and other related provisions of the I.T. Act. The Tribunal's decision reinforced the principle that additions cannot be based on mere suspicion or conjecture without credible evidence. en-us Fri, 20 Sep 2013 00:00:00 +0530 Fri, 01 Nov 2013 05:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238833 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s orders on all issues. The judgment emphasized the necessity of substantial evidence and proper verification by the assessing officer before making additions under Section 68 and other related provisions of the I.T. Act. The Tribunal's decision reinforced the principle that additions cannot be based on mere suspicion or conjecture without credible evidence. Case-Laws Income Tax Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238833