Assessing Officer Must Provide Evidence for Large Financial Additions; Numerical Misinterpretation Not Allowed u/s 68. https://www.taxtmi.com/highlights?id=23051 Addition u/s. 68 - AO cannot extrapolate 50 and interpret 50 as 50,00,000, 575 as 575 lakhs without any corroborative/demonstrative evidence - additions made merely on the basis of some illogical and irrelevant entry/jotting on a piece of paper cannot justify the actions of the AO - AT en-us Fri, 22 May 2015 16:06:33 +0530 Fri, 22 May 2015 16:06:33 +0530 TaxTMI RSS Generator Assessing Officer Must Provide Evidence for Large Financial Additions; Numerical Misinterpretation Not Allowed u/s 68. https://www.taxtmi.com/highlights?id=23051 Addition u/s. 68 - AO cannot extrapolate 50 and interpret 50 as 50,00,000, 575 as 575 lakhs without any corroborative/demonstrative evidence - additions made merely on the basis of some illogical and irrelevant entry/jotting on a piece of paper cannot justify the actions of the AO - AT Highlights Income Tax Fri, 22 May 2015 16:06:33 +0530 https://www.taxtmi.com/highlights?id=23051