https://www.taxtmi.com/caselaws?id=253374 The Tribunal upheld the CIT(A)'s decision to delete the additions on account of peak amounts of unexplained cash for the assessment years 2006-07 and 2007-08. The Tribunal found that the Revenue's appeals lacked cogent evidence to counter the CIT(A)'s findings, emphasizing that the presumption under section 132(4A)/292C applied only to the person from whom the documents were seized. The Tribunal concluded that the additions made by the Assessing Officer were not justified and dismissed the Revenue's appeals for both assessment years. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sun, 23 Nov 2014 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253374 The Tribunal upheld the CIT(A)'s decision to delete the additions on account of peak amounts of unexplained cash for the assessment years 2006-07 and 2007-08. The Tribunal found that the Revenue's appeals lacked cogent evidence to counter the CIT(A)'s findings, emphasizing that the presumption under section 132(4A)/292C applied only to the person from whom the documents were seized. The Tribunal concluded that the additions made by the Assessing Officer were not justified and dismissed the Revenue's appeals for both assessment years. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253374