https://www.taxtmi.com/caselaws?id=343630 The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision to delete the addition of Rs. 1,14,45,953 made by the Assessing Officer. The Tribunal found that the lower additional income declared in the return was justified as it included opening balances from the previous year. The Tribunal emphasized the importance of verifying details provided by the assessee before making additions based on search action declarations. en-us Fri, 26 May 2017 00:00:00 +0530 Tue, 30 May 2017 06:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343630 The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision to delete the addition of Rs. 1,14,45,953 made by the Assessing Officer. The Tribunal found that the lower additional income declared in the return was justified as it included opening balances from the previous year. The Tribunal emphasized the importance of verifying details provided by the assessee before making additions based on search action declarations. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343630