https://www.taxtmi.com/caselaws?id=341209 The Tribunal concluded that the Assessing Officer's additions under section 69C were not justified due to the lack of credible evidence. The Commissioner of Income Tax (Appeals) rightly deleted the additions, which was upheld by the Tribunal. Consequently, the appeal filed by the Revenue and the cross-objection filed by the assessee were dismissed. The judgment emphasizes the significance of corroborative evidence in making additions under section 69C and the necessity for a clear connection between the evidence and the assessee's transactions. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 04 Apr 2017 09:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341209 The Tribunal concluded that the Assessing Officer's additions under section 69C were not justified due to the lack of credible evidence. The Commissioner of Income Tax (Appeals) rightly deleted the additions, which was upheld by the Tribunal. Consequently, the appeal filed by the Revenue and the cross-objection filed by the assessee were dismissed. The judgment emphasizes the significance of corroborative evidence in making additions under section 69C and the necessity for a clear connection between the evidence and the assessee's transactions. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341209