https://www.taxtmi.com/caselaws?id=252956 The tribunal dismissed the department's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 47,85,000 made by the AO. The tribunal emphasized the importance of assessments being grounded in comprehensive and factual records rather than presumptions and surmises. The final judgment was pronounced on 8.8.2014. en-us Fri, 08 Aug 2014 00:00:00 +0530 Sat, 08 Nov 2014 06:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252956 The tribunal dismissed the department's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 47,85,000 made by the AO. The tribunal emphasized the importance of assessments being grounded in comprehensive and factual records rather than presumptions and surmises. The final judgment was pronounced on 8.8.2014. Case-Laws Income Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252956