https://www.taxtmi.com/caselaws?id=173698 The High Court dismissed the Tax Appeal, stating that no question of law arose from the case. The judgment emphasized the importance of substantial evidence and corroboration in income tax proceedings, highlighting the need for a strong factual basis to support any additions to an assessee's income. The Assessing Officer's addition to the income was deemed unjustified due to lack of concrete evidence, with the CIT [A] and Tribunal finding the reliance on a third party statement alone insufficient to support the addition. en-us Wed, 03 Apr 2013 00:00:00 +0530 Wed, 24 May 2017 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173698 The High Court dismissed the Tax Appeal, stating that no question of law arose from the case. The judgment emphasized the importance of substantial evidence and corroboration in income tax proceedings, highlighting the need for a strong factual basis to support any additions to an assessee's income. The Assessing Officer's addition to the income was deemed unjustified due to lack of concrete evidence, with the CIT [A] and Tribunal finding the reliance on a third party statement alone insufficient to support the addition. Case-Laws Income Tax Wed, 03 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173698