https://www.taxtmi.com/caselaws?id=259472 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO on account of income from other sources and introducing further capital. The Tribunal emphasized the importance of considering current evidence over past history, finding the AO's approach arbitrary and based on conjectures. The CIT(A) admitted relevant evidence explaining the sources of the capital addition. The Tribunal dismissed the Revenue's appeal, supporting the CIT(A)'s deletions of both additions. en-us Thu, 16 Apr 2015 00:00:00 +0530 Tue, 12 May 2015 06:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259472 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO on account of income from other sources and introducing further capital. The Tribunal emphasized the importance of considering current evidence over past history, finding the AO's approach arbitrary and based on conjectures. The CIT(A) admitted relevant evidence explaining the sources of the capital addition. The Tribunal dismissed the Revenue's appeal, supporting the CIT(A)'s deletions of both additions. Case-Laws Income Tax Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259472