https://www.taxtmi.com/caselaws?id=341196 The Tribunal ruled in favor of the assessee, allowing the appeal and pronouncing the order on November 29, 2016. The undisclosed stocks were found not to belong to the assessee, supported by evidence of ownership and business arrangements. The additions made by the Assessing Officer were deemed unsustainable, emphasizing the importance of tangible evidence over suspicion in income tax assessments. en-us Tue, 29 Nov 2016 00:00:00 +0530 Tue, 04 Apr 2017 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341196 The Tribunal ruled in favor of the assessee, allowing the appeal and pronouncing the order on November 29, 2016. The undisclosed stocks were found not to belong to the assessee, supported by evidence of ownership and business arrangements. The additions made by the Assessing Officer were deemed unsustainable, emphasizing the importance of tangible evidence over suspicion in income tax assessments. Case-Laws Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341196