https://www.taxtmi.com/caselaws?id=259803 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to delete the addition of Rs. 23,62,500 under Section 69B of the Income-tax Act. The Tribunal found that the Revenue's suspicion lacked legal proof, emphasizing the necessity of credible evidence for such additions. The appeal by the Revenue was dismissed, affirming the deletion of the unexplained investment amount. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 22 May 2015 15:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259803 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to delete the addition of Rs. 23,62,500 under Section 69B of the Income-tax Act. The Tribunal found that the Revenue's suspicion lacked legal proof, emphasizing the necessity of credible evidence for such additions. The appeal by the Revenue was dismissed, affirming the deletion of the unexplained investment amount. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259803