https://www.taxtmi.com/caselaws?id=258619 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete additions of Rs. 20,00,000/-, Rs. 22,450/-, and Rs. 5,00,000/-. The Tribunal found that the assessee substantiated transactions with documentary evidence, while the AO failed to prove the amounts as undisclosed income. Emphasizing the need for independent verification and material evidence, the Tribunal aligned with judicial precedents in its decision. en-us Wed, 01 Apr 2015 00:00:00 +0530 Thu, 16 Apr 2015 07:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258619 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete additions of Rs. 20,00,000/-, Rs. 22,450/-, and Rs. 5,00,000/-. The Tribunal found that the assessee substantiated transactions with documentary evidence, while the AO failed to prove the amounts as undisclosed income. Emphasizing the need for independent verification and material evidence, the Tribunal aligned with judicial precedents in its decision. Case-Laws Income Tax Wed, 01 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258619