https://www.taxtmi.com/caselaws?id=176253 The High Court of Bombay upheld the Tribunal's decision to delete additions made by the Assessing Officer for excess area allotted to tenants and flats allotted to bogus tenants. The Tribunal found insufficient evidence to support the Revenue's claims, emphasizing the necessity for material evidence in tax assessments. The Court dismissed the appeal, affirming the Tribunal's findings based on lack of direct evidence of unlawful consideration received by the assessee. en-us Thu, 23 Feb 2012 00:00:00 +0530 Tue, 22 Aug 2017 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176253 The High Court of Bombay upheld the Tribunal's decision to delete additions made by the Assessing Officer for excess area allotted to tenants and flats allotted to bogus tenants. The Tribunal found insufficient evidence to support the Revenue's claims, emphasizing the necessity for material evidence in tax assessments. The Court dismissed the appeal, affirming the Tribunal's findings based on lack of direct evidence of unlawful consideration received by the assessee. Case-Laws Income Tax Thu, 23 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176253