https://www.taxtmi.com/caselaws?id=169349 The SC reviewed a tax dispute involving alleged "on-money" transactions in shop sales. The Tribunal rejected the Assessing Officer's addition, finding the confessional statement unreliable due to retraction and insufficient investigation. The court upheld the Tribunal's decision, confirming that the evidence did not substantiate the tax claim. Appeals were dismissed, with no substantial legal questions identified in the Tribunal's reasoning. en-us Mon, 21 Mar 2005 00:00:00 +0530 Tue, 13 May 2025 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169349 The SC reviewed a tax dispute involving alleged "on-money" transactions in shop sales. The Tribunal rejected the Assessing Officer's addition, finding the confessional statement unreliable due to retraction and insufficient investigation. The court upheld the Tribunal's decision, confirming that the evidence did not substantiate the tax claim. Appeals were dismissed, with no substantial legal questions identified in the Tribunal's reasoning. Case-Laws Income Tax Mon, 21 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169349