https://www.taxtmi.com/caselaws?id=244475 The Tribunal ruled in favor of the assessee, deleting the addition of Rs.79,88,520 made by the Assessing Officer under Section 69B of the Income Tax Act. The Tribunal found that the statements and documents obtained during the survey lacked evidentiary value and were not corroborated by concrete evidence. Additionally, the Tribunal held that the assessee was eligible for exemption under Section 10(23C)(iiiad) as the excess amount paid was for educational purposes, ultimately allowing the assessee's appeal and emphasizing the importance of corroborative evidence and adherence to principles of natural justice. en-us Fri, 14 Feb 2014 00:00:00 +0530 Thu, 27 Feb 2014 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244475 The Tribunal ruled in favor of the assessee, deleting the addition of Rs.79,88,520 made by the Assessing Officer under Section 69B of the Income Tax Act. The Tribunal found that the statements and documents obtained during the survey lacked evidentiary value and were not corroborated by concrete evidence. Additionally, the Tribunal held that the assessee was eligible for exemption under Section 10(23C)(iiiad) as the excess amount paid was for educational purposes, ultimately allowing the assessee's appeal and emphasizing the importance of corroborative evidence and adherence to principles of natural justice. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244475