https://www.taxtmi.com/caselaws?id=262648 The High Court dismissed the appeal, upholding the decision of the CIT (A) and ITAT to delete the addition of Rs. 50 lakhs made by the AO without proper inquiry into undisclosed amounts paid towards property purchase by the Assessee for the Assessment Year 2008-09. The court emphasized the need for the Revenue to establish the falsity of the Assessee's claims and conduct thorough verification before making such additions to the total income. en-us Wed, 29 Jul 2015 00:00:00 +0530 Fri, 14 Aug 2015 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262648 The High Court dismissed the appeal, upholding the decision of the CIT (A) and ITAT to delete the addition of Rs. 50 lakhs made by the AO without proper inquiry into undisclosed amounts paid towards property purchase by the Assessee for the Assessment Year 2008-09. The court emphasized the need for the Revenue to establish the falsity of the Assessee's claims and conduct thorough verification before making such additions to the total income. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262648