https://www.taxtmi.com/caselaws?id=179000 The ITAT Hyderabad upheld the CIT(A)'s decision to delete the addition of Rs. 1.25 crores, emphasizing the necessity of concrete evidence to support income additions and the inadequacy of relying solely on circumstantial evidence like loose sheets. The Assessing Officer failed to conduct necessary investigations to support the inference from the document, leading to the deletion of the addition for the assessment year 2006-07. en-us Thu, 07 Mar 2013 00:00:00 +0530 Fri, 26 May 2017 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179000 The ITAT Hyderabad upheld the CIT(A)'s decision to delete the addition of Rs. 1.25 crores, emphasizing the necessity of concrete evidence to support income additions and the inadequacy of relying solely on circumstantial evidence like loose sheets. The Assessing Officer failed to conduct necessary investigations to support the inference from the document, leading to the deletion of the addition for the assessment year 2006-07. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179000