https://www.taxtmi.com/caselaws?id=271902 The court upheld the Income Tax Appellate Tribunal's findings and dismissed the appeals, ruling that no substantial question of law was raised. The additions made by the Assessing Officer were deemed invalid due to lack of corroborative evidence and the Assessee's successful rebuttal of the presumption under Section 292C of the Income Tax Act. The court found that the Assessee had sufficiently discharged its burden of proof, and the Assessing Officer's reliance on documents found during the survey without further verification was unjustified. en-us Wed, 10 Feb 2016 00:00:00 +0530 Thu, 12 Mar 2026 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271902 The court upheld the Income Tax Appellate Tribunal's findings and dismissed the appeals, ruling that no substantial question of law was raised. The additions made by the Assessing Officer were deemed invalid due to lack of corroborative evidence and the Assessee's successful rebuttal of the presumption under Section 292C of the Income Tax Act. The court found that the Assessee had sufficiently discharged its burden of proof, and the Assessing Officer's reliance on documents found during the survey without further verification was unjustified. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271902