https://www.taxtmi.com/caselaws?id=185442 The Tribunal affirmed the deletion of the addition of undisclosed income related to the Taleigao property for the assessment year 2007-08. The Assessing Officer's lack of independent inquiries and failure to establish the genuineness of the transaction led to the decision. The Tribunal concurred with the CIT(A)'s ruling that insufficient evidence and inconclusive facts warranted the removal of the addition, ultimately dismissing the appeal. en-us Fri, 12 Apr 2013 00:00:00 +0530 Fri, 12 Aug 2016 16:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185442 The Tribunal affirmed the deletion of the addition of undisclosed income related to the Taleigao property for the assessment year 2007-08. The Assessing Officer's lack of independent inquiries and failure to establish the genuineness of the transaction led to the decision. The Tribunal concurred with the CIT(A)'s ruling that insufficient evidence and inconclusive facts warranted the removal of the addition, ultimately dismissing the appeal. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185442