https://www.taxtmi.com/caselaws?id=189686 The appeal filed by the Revenue challenging the deletion of an addition of Rs. 52,26,000 made under section 69 for unaccounted cash payment for the purchase of a shop was dismissed. The Ld. CIT(A) deleted the addition based on the unreliability of the seized document, despite the Revenue's argument that the cash payment was confirmed by the builder. The Tribunal upheld the decision, emphasizing the lack of concrete evidence to support the addition and concluding that it was based on assumptions and conjectures without substantial proof. en-us Wed, 12 Sep 2012 00:00:00 +0530 Tue, 17 Jan 2017 11:39:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189686 The appeal filed by the Revenue challenging the deletion of an addition of Rs. 52,26,000 made under section 69 for unaccounted cash payment for the purchase of a shop was dismissed. The Ld. CIT(A) deleted the addition based on the unreliability of the seized document, despite the Revenue's argument that the cash payment was confirmed by the builder. The Tribunal upheld the decision, emphasizing the lack of concrete evidence to support the addition and concluding that it was based on assumptions and conjectures without substantial proof. Case-Laws Income Tax Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189686