https://www.taxtmi.com/caselaws?id=272235 The Revenue's appeal was dismissed due to the tax effect being less than Rs. 10 lakhs. The Assessing Officer's disputed additions related to the source of funds for investments were partially granted relief by the CIT(A) after reviewing submitted documents. The Tribunal remanded the issue of a loan amount for further verification and accepted an investment based on documented evidence. Consequential relief for charging interest under S.234B was directed. The judgment emphasized the importance of documentary evidence in tax assessments, resulting in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. en-us Fri, 22 Jan 2016 00:00:00 +0530 Wed, 02 Mar 2016 08:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272235 The Revenue's appeal was dismissed due to the tax effect being less than Rs. 10 lakhs. The Assessing Officer's disputed additions related to the source of funds for investments were partially granted relief by the CIT(A) after reviewing submitted documents. The Tribunal remanded the issue of a loan amount for further verification and accepted an investment based on documented evidence. Consequential relief for charging interest under S.234B was directed. The judgment emphasized the importance of documentary evidence in tax assessments, resulting in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272235