https://www.taxtmi.com/caselaws?id=343616 The Tribunal allowed the appeal, deleting the addition of Rs. 1,29,82,873/- as the AO failed to provide substantial evidence linking the seized documents to the assessee's business activities. The Tribunal emphasized that the presumption under Section 292C is rebuttable and not conclusive, highlighting the necessity of corroborative inquiries and evidence to justify such additions, which were lacking in this case. en-us Fri, 17 Feb 2017 00:00:00 +0530 Tue, 30 May 2017 06:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343616 The Tribunal allowed the appeal, deleting the addition of Rs. 1,29,82,873/- as the AO failed to provide substantial evidence linking the seized documents to the assessee's business activities. The Tribunal emphasized that the presumption under Section 292C is rebuttable and not conclusive, highlighting the necessity of corroborative inquiries and evidence to justify such additions, which were lacking in this case. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343616