https://www.taxtmi.com/caselaws?id=240867 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 5,56,839/- made on account of on money received by the assessee. The ITAT emphasized the lack of concrete evidence against the assessee and procedural irregularities in initiating proceedings under section 158BD. The judgment stressed the importance of adhering to legal procedures and requiring substantial evidence before making additions in tax assessments. en-us Wed, 13 Feb 2013 00:00:00 +0530 Fri, 13 Dec 2013 07:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240867 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 5,56,839/- made on account of on money received by the assessee. The ITAT emphasized the lack of concrete evidence against the assessee and procedural irregularities in initiating proceedings under section 158BD. The judgment stressed the importance of adhering to legal procedures and requiring substantial evidence before making additions in tax assessments. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240867