https://www.taxtmi.com/caselaws?id=242623 The ITAT ruled in favor of the assessee, finding that the additions made by the AO and confirmed by the CIT(A) lacked evidential support and were based on presumption. The ITAT emphasized the necessity of concrete material before making income additions and concluded that the assessments were unjustified. Consequently, the ITAT deleted the additions for all the assessment years, thereby allowing the appeals of the assessee. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242623 The ITAT ruled in favor of the assessee, finding that the additions made by the AO and confirmed by the CIT(A) lacked evidential support and were based on presumption. The ITAT emphasized the necessity of concrete material before making income additions and concluded that the assessments were unjustified. Consequently, the ITAT deleted the additions for all the assessment years, thereby allowing the appeals of the assessee. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242623