https://www.taxtmi.com/caselaws?id=330724 The Tribunal upheld the CIT (Appeals) decision, ruling against the Revenue's appeal. It was found that the addition of unverifiable liability under Sec. 41(1) or Sec. 68 of the Income Tax Act was not justified. The CIT (Appeals) and Tribunal determined that the assessee had adequate documentation to support their expenses related to trucks, and the Assessing Officer's demands for further confirmation were deemed impractical. Ultimately, the appeal was dismissed, as the conditions for applying Sec. 41(1) were not met, and the alleged liability was considered non-existent. en-us Wed, 27 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 11:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330724 The Tribunal upheld the CIT (Appeals) decision, ruling against the Revenue's appeal. It was found that the addition of unverifiable liability under Sec. 41(1) or Sec. 68 of the Income Tax Act was not justified. The CIT (Appeals) and Tribunal determined that the assessee had adequate documentation to support their expenses related to trucks, and the Assessing Officer's demands for further confirmation were deemed impractical. Ultimately, the appeal was dismissed, as the conditions for applying Sec. 41(1) were not met, and the alleged liability was considered non-existent. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330724