https://www.taxtmi.com/caselaws?id=177998 The Tribunal upheld the CIT (A)'s findings, dismissing the Revenue's appeals. It was held that the addition made under section 69 of the Act lacked sufficient evidence and was based on conjectures. The Tribunal emphasized the need for credible evidence to support such additions, ultimately leading to the dismissal of the appeals filed by the Revenue. The final order was pronounced on 18-9-2012, with separate judgments delivered for Sri B. Vijay Kumar (Indl.) and Smt. Nalini Devi due to identical circumstances. en-us Tue, 18 Sep 2012 00:00:00 +0530 Fri, 09 Feb 2018 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177998 The Tribunal upheld the CIT (A)'s findings, dismissing the Revenue's appeals. It was held that the addition made under section 69 of the Act lacked sufficient evidence and was based on conjectures. The Tribunal emphasized the need for credible evidence to support such additions, ultimately leading to the dismissal of the appeals filed by the Revenue. The final order was pronounced on 18-9-2012, with separate judgments delivered for Sri B. Vijay Kumar (Indl.) and Smt. Nalini Devi due to identical circumstances. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177998