https://www.taxtmi.com/caselaws?id=179090 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the additions made by the Assessing Officer on the capital account and remuneration paid to non-working employees. The Tribunal emphasized the necessity of corroborating evidence and legal precedents, stating that additions based solely on survey statements are invalid. Detailed reconciliation of the capital account with supporting documents demonstrated legitimate transactions, leading to the conclusion that no unaccounted money was involved. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 23 Feb 2016 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179090 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the additions made by the Assessing Officer on the capital account and remuneration paid to non-working employees. The Tribunal emphasized the necessity of corroborating evidence and legal precedents, stating that additions based solely on survey statements are invalid. Detailed reconciliation of the capital account with supporting documents demonstrated legitimate transactions, leading to the conclusion that no unaccounted money was involved. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179090