https://www.taxtmi.com/caselaws?id=263394 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 20 lacs as unaccounted payment during the block period under section 158BC of the Income Tax Act. The tribunal found that the Revenue lacked concrete evidence to support the addition, especially considering discrepancies in the evidence presented by the Assessing Officer regarding the actual payment of the disputed amount. The tribunal concluded that the evidence for the addition was insufficient, ultimately dismissing the Revenue's appeal and affirming the deletion of the Rs. 20 lacs addition in favor of the assessee. en-us Thu, 20 Aug 2015 00:00:00 +0530 Wed, 02 Sep 2015 07:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263394 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 20 lacs as unaccounted payment during the block period under section 158BC of the Income Tax Act. The tribunal found that the Revenue lacked concrete evidence to support the addition, especially considering discrepancies in the evidence presented by the Assessing Officer regarding the actual payment of the disputed amount. The tribunal concluded that the evidence for the addition was insufficient, ultimately dismissing the Revenue's appeal and affirming the deletion of the Rs. 20 lacs addition in favor of the assessee. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263394