https://www.taxtmi.com/caselaws?id=270200 The Income Tax Appellate Tribunal (ITAT) upheld the decision to delete the addition of Rs. 36,72,074/- as unaccounted income. The ITAT agreed that the Assessing Officer (AO) had not substantiated third-party information with relevant documentary evidence and had not rejected the audited books of accounts maintained by the assessee. The ITAT emphasized the importance of corroborating third-party information with primary evidence, confirming the Commissioner of Income-tax (Appeals)'s order and dismissing the revenue's appeal. en-us Fri, 20 Nov 2015 00:00:00 +0530 Thu, 31 Dec 2015 12:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270200 The Income Tax Appellate Tribunal (ITAT) upheld the decision to delete the addition of Rs. 36,72,074/- as unaccounted income. The ITAT agreed that the Assessing Officer (AO) had not substantiated third-party information with relevant documentary evidence and had not rejected the audited books of accounts maintained by the assessee. The ITAT emphasized the importance of corroborating third-party information with primary evidence, confirming the Commissioner of Income-tax (Appeals)'s order and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270200