https://www.taxtmi.com/caselaws?id=255456 The Tribunal allowed the assessee's appeal, setting aside the impugned order and directing the deletion of the addition of Rs. 12,44,06,000 on account of alleged unaccounted receipts from the allotment of plots in Ardee City, Gurgaon. The Tribunal found that the additions lacked substantial evidence and were based on presumption, emphasizing that selective acceptance of entries was impermissible. The Tribunal concluded that the assessing authority's order was legally infirm, as similar additions made during reassessment proceedings had been found unsustainable in previous cases. en-us Thu, 15 Jan 2015 00:00:00 +0530 Sat, 17 Jan 2015 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255456 The Tribunal allowed the assessee's appeal, setting aside the impugned order and directing the deletion of the addition of Rs. 12,44,06,000 on account of alleged unaccounted receipts from the allotment of plots in Ardee City, Gurgaon. The Tribunal found that the additions lacked substantial evidence and were based on presumption, emphasizing that selective acceptance of entries was impermissible. The Tribunal concluded that the assessing authority's order was legally infirm, as similar additions made during reassessment proceedings had been found unsustainable in previous cases. Case-Laws Income Tax Thu, 15 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255456