https://www.taxtmi.com/caselaws?id=342750 The High Court upheld the ITAT's decision to delete additions related to booking vehicles in fictitious names for Assessment Years 1993-94 and 1994-95. The Court found the Revenue's appeals lacked substantial evidence and were based on assumptions, supporting the ITAT's conclusion that credible material was necessary before making such additions. Consequently, the Court dismissed the Revenue's appeals in favor of the Assessee, emphasizing the importance of evidence in such matters. en-us Thu, 27 Apr 2017 00:00:00 +0530 Tue, 08 Aug 2017 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342750 The High Court upheld the ITAT's decision to delete additions related to booking vehicles in fictitious names for Assessment Years 1993-94 and 1994-95. The Court found the Revenue's appeals lacked substantial evidence and were based on assumptions, supporting the ITAT's conclusion that credible material was necessary before making such additions. Consequently, the Court dismissed the Revenue's appeals in favor of the Assessee, emphasizing the importance of evidence in such matters. Case-Laws Income Tax Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342750