https://www.taxtmi.com/caselaws?id=260357 The tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and the assessee's cross-objection. The addition of Rs. 2,42,24,700/- for suppression of unaccounted on-money income was deemed unjustified due to lack of corroborative evidence. Additionally, the disallowance of Rs. 2,42,305/- commission was affirmed. The tribunal concluded that the Revenue's reliance on a retracted statement without proper evidence was unfounded. The order was issued on 22nd May 2015 in Ahmedabad. en-us Fri, 22 May 2015 00:00:00 +0530 Wed, 10 Jun 2015 06:03:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260357 The tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and the assessee's cross-objection. The addition of Rs. 2,42,24,700/- for suppression of unaccounted on-money income was deemed unjustified due to lack of corroborative evidence. Additionally, the disallowance of Rs. 2,42,305/- commission was affirmed. The tribunal concluded that the Revenue's reliance on a retracted statement without proper evidence was unfounded. The order was issued on 22nd May 2015 in Ahmedabad. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260357