https://www.taxtmi.com/caselaws?id=328943 The High Court upheld the Tribunal's decision to delete the interest income addition in the absence of concrete evidence linking the assessee to the alleged advances. The Court emphasized the lack of reliable material supporting the addition and concluded that no interference was warranted, as the issue primarily revolved around the assessment of evidence on record. Consequently, all three Tax Appeals were dismissed, affirming the Tribunal's decision based on insufficient and incomplete evidence presented by the Revenue. en-us Wed, 08 Jun 2016 00:00:00 +0530 Sat, 18 Jun 2016 09:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328943 The High Court upheld the Tribunal's decision to delete the interest income addition in the absence of concrete evidence linking the assessee to the alleged advances. The Court emphasized the lack of reliable material supporting the addition and concluded that no interference was warranted, as the issue primarily revolved around the assessment of evidence on record. Consequently, all three Tax Appeals were dismissed, affirming the Tribunal's decision based on insufficient and incomplete evidence presented by the Revenue. Case-Laws Income Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328943