https://www.taxtmi.com/caselaws?id=180679 The Tribunal upheld the Commissioner (Appeals)'s decision to delete the addition of Rs. 3,40,64,622 made by the Assessing Officer (A.O.) under section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal found that the assessee had provided all necessary information, including Form no.15-I, and the A.O. had not conducted proper verification. It was emphasized that the A.O. should have allowed the assessee to rectify any defects before drawing adverse inferences. The Tribunal concluded that the assessee had met its burden of proof, and the Revenue failed to provide contrary evidence. en-us Fri, 30 Sep 2011 00:00:00 +0530 Thu, 31 Mar 2016 11:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180679 The Tribunal upheld the Commissioner (Appeals)'s decision to delete the addition of Rs. 3,40,64,622 made by the Assessing Officer (A.O.) under section 40(a)(ia) of the Income Tax Act, 1961. The Tribunal found that the assessee had provided all necessary information, including Form no.15-I, and the A.O. had not conducted proper verification. It was emphasized that the A.O. should have allowed the assessee to rectify any defects before drawing adverse inferences. The Tribunal concluded that the assessee had met its burden of proof, and the Revenue failed to provide contrary evidence. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180679