https://www.taxtmi.com/caselaws?id=327254 The Tribunal allowed the appeal, ruling in favor of the assessee. It found the Assessing Officer's estimation of on-money receipts and profits from the Greenwood project lacked concrete evidence and was based on assumptions. The Tribunal deemed the additions to the total income unjustified and directed their deletion, emphasizing the importance of factual basis in assessments. en-us Fri, 19 Feb 2016 00:00:00 +0530 Sat, 07 May 2016 11:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327254 The Tribunal allowed the appeal, ruling in favor of the assessee. It found the Assessing Officer's estimation of on-money receipts and profits from the Greenwood project lacked concrete evidence and was based on assumptions. The Tribunal deemed the additions to the total income unjustified and directed their deletion, emphasizing the importance of factual basis in assessments. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327254