https://www.taxtmi.com/caselaws?id=328282 The High Court upheld the Tribunal's decision to delete the addition of unaccounted income of Rs. 13.81 crores based on a seized document, a Memorandum of Understanding, in an appeal under Section 260-A of the Income Tax Act. The Court found that the seized document lacked evidentiary value as it was unsigned and lacked corroborative evidence, leading to the dismissal of the Revenue's appeal. The Court emphasized that the Tribunal's findings were factual and not perverse, dismissing the appeal without costs and disposing of any pending Miscellaneous Petitions as infructuous. en-us Tue, 22 Sep 2015 00:00:00 +0530 Tue, 31 May 2016 11:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328282 The High Court upheld the Tribunal's decision to delete the addition of unaccounted income of Rs. 13.81 crores based on a seized document, a Memorandum of Understanding, in an appeal under Section 260-A of the Income Tax Act. The Court found that the seized document lacked evidentiary value as it was unsigned and lacked corroborative evidence, leading to the dismissal of the Revenue's appeal. The Court emphasized that the Tribunal's findings were factual and not perverse, dismissing the appeal without costs and disposing of any pending Miscellaneous Petitions as infructuous. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328282