https://www.taxtmi.com/caselaws?id=242661 The Tribunal dismissed the department's appeal challenging the deletion of an addition of Rs.2,96,22,000 on interest income for the assessment year 2009-10. The Assessing Officer's estimation of income was found to lack concrete evidence, leading to the deletion of the addition by the Commissioner of Income Tax (Appeals). The Tribunal emphasized the importance of thorough examination and specific findings before alleging income suppression, ultimately upholding the decision to delete the addition. en-us Fri, 28 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242661 The Tribunal dismissed the department's appeal challenging the deletion of an addition of Rs.2,96,22,000 on interest income for the assessment year 2009-10. The Assessing Officer's estimation of income was found to lack concrete evidence, leading to the deletion of the addition by the Commissioner of Income Tax (Appeals). The Tribunal emphasized the importance of thorough examination and specific findings before alleging income suppression, ultimately upholding the decision to delete the addition. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242661