https://www.taxtmi.com/caselaws?id=332003 The High Court upheld the decision of the Tribunal and Commissioner of Income Tax (Appeals) to delete the addition of Rs. 4,22,30,000 based on a seized document, as the document could not conclusively prove the alleged investment by the respondent. The Court found that the Assessing Officer did not adequately address the respondent's objections and there was insufficient evidence for the addition. The Court dismissed the Revenue's argument regarding the applicability of Sections 64 and 65, concluding that no substantial question of law arose. The appeal was dismissed, and no costs were awarded. en-us Mon, 29 Aug 2016 00:00:00 +0530 Wed, 07 Sep 2016 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332003 The High Court upheld the decision of the Tribunal and Commissioner of Income Tax (Appeals) to delete the addition of Rs. 4,22,30,000 based on a seized document, as the document could not conclusively prove the alleged investment by the respondent. The Court found that the Assessing Officer did not adequately address the respondent's objections and there was insufficient evidence for the addition. The Court dismissed the Revenue's argument regarding the applicability of Sections 64 and 65, concluding that no substantial question of law arose. The appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332003