https://www.taxtmi.com/caselaws?id=179355 The Tribunal allowed the appeal, overturning the addition of Rs. 1 lakh made by the AO and sustained by the CIT(A) due to a balance difference in a debtor's account. The Tribunal found the basis for the addition unsupported by evidence, relying on assumptions. Consequently, the Tribunal ruled in favor of the assessee, deleting the disputed amount from the total income for the relevant assessment year. en-us Wed, 16 Sep 2015 00:00:00 +0530 Sat, 27 Feb 2016 09:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179355 The Tribunal allowed the appeal, overturning the addition of Rs. 1 lakh made by the AO and sustained by the CIT(A) due to a balance difference in a debtor's account. The Tribunal found the basis for the addition unsupported by evidence, relying on assumptions. Consequently, the Tribunal ruled in favor of the assessee, deleting the disputed amount from the total income for the relevant assessment year. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179355