https://www.taxtmi.com/caselaws?id=265645 The Appellate Tribunal upheld the CIT(A)'s decision and dismissed the Revenue's appeal, ruling that the addition made by the Assessing Officer was unjustified due to complexities in estimating income in the real estate sector and lack of incriminating evidence. The Tribunal agreed with the CIT(A) that the survey statements had no evidentiary value for additions, leading to the deletion of the Rs. 71,91,658 addition for the assessment year 2007-08. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 13 Oct 2015 21:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265645 The Appellate Tribunal upheld the CIT(A)'s decision and dismissed the Revenue's appeal, ruling that the addition made by the Assessing Officer was unjustified due to complexities in estimating income in the real estate sector and lack of incriminating evidence. The Tribunal agreed with the CIT(A) that the survey statements had no evidentiary value for additions, leading to the deletion of the Rs. 71,91,658 addition for the assessment year 2007-08. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265645