https://www.taxtmi.com/caselaws?id=263293 The Delhi High Court dismissed the Revenue's appeal under Section 260-A of the Income Tax Act, 1961 for the Assessment Year 2006-07. The dispute centered on the addition of approximately Rs. 4.81 crores towards unaccounted cash payment based on seized documents. The Court upheld the ITAT's decision, emphasizing the lack of evidence linking the cash transactions to the Assessee and the discrepancies in the seized documents not belonging to the Assessee. The Court rejected the Revenue's attempt to add the cash amount in both Inmon and the Assessee's hands for the same Assessment Year, leading to the dismissal of the appeal. en-us Tue, 28 Jul 2015 00:00:00 +0530 Mon, 31 Aug 2015 07:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263293 The Delhi High Court dismissed the Revenue's appeal under Section 260-A of the Income Tax Act, 1961 for the Assessment Year 2006-07. The dispute centered on the addition of approximately Rs. 4.81 crores towards unaccounted cash payment based on seized documents. The Court upheld the ITAT's decision, emphasizing the lack of evidence linking the cash transactions to the Assessee and the discrepancies in the seized documents not belonging to the Assessee. The Court rejected the Revenue's attempt to add the cash amount in both Inmon and the Assessee's hands for the same Assessment Year, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 28 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263293