https://www.taxtmi.com/caselaws?id=261197 The tribunal allowed the assessee's appeals, directing the deletion of additions made by the AO for unexplained income based on loose paper notings, estimated household expenses, unexplained bank deposits, unexplained investment in silver, purchase of immovable properties, and unexplained bank credits. The tribunal found the additions lacked justification and were based on presumptions, emphasizing the lack of substantive evidence and factual inconsistencies. The Revenue's cross appeals were dismissed. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 06:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261197 The tribunal allowed the assessee's appeals, directing the deletion of additions made by the AO for unexplained income based on loose paper notings, estimated household expenses, unexplained bank deposits, unexplained investment in silver, purchase of immovable properties, and unexplained bank credits. The tribunal found the additions lacked justification and were based on presumptions, emphasizing the lack of substantive evidence and factual inconsistencies. The Revenue's cross appeals were dismissed. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261197