https://www.taxtmi.com/caselaws?id=327350 The ITAT allowed the assessee's appeal and deleted the addition of Rs. 10,00,000 in income, emphasizing the lack of evidentiary value in seized documents, incorrect application of Section 292C, and the need for corroborative evidence and proper linkage to the assessment year for any additions. The ITAT ruled that Section 292C was misapplied as the assessee was not covered under Sections 132 or 132A, and the assessment was not under Section 153C. The decision underscored the importance of following legal provisions and ensuring a fair assessment process based on concrete evidence. en-us Wed, 23 Mar 2016 00:00:00 +0530 Sun, 08 May 2016 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327350 The ITAT allowed the assessee's appeal and deleted the addition of Rs. 10,00,000 in income, emphasizing the lack of evidentiary value in seized documents, incorrect application of Section 292C, and the need for corroborative evidence and proper linkage to the assessment year for any additions. The ITAT ruled that Section 292C was misapplied as the assessee was not covered under Sections 132 or 132A, and the assessment was not under Section 153C. The decision underscored the importance of following legal provisions and ensuring a fair assessment process based on concrete evidence. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327350