https://www.taxtmi.com/caselaws?id=192409 The Tribunal deleted the Rs. 51,000 addition sustained by the CIT(A) due to lack of evidence and improper reliance on uncorroborated statements. The deletion of Rs. 2,25,000 by the CIT(A) was upheld as the addition was based on conjecture without evidence. The deduction of Rs. 74,372 for salaries and 1/3rd of the manager's salary was upheld to maintain consistency with past assessments. en-us Thu, 22 Dec 1994 00:00:00 +0530 Tue, 30 May 2017 16:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192409 The Tribunal deleted the Rs. 51,000 addition sustained by the CIT(A) due to lack of evidence and improper reliance on uncorroborated statements. The deletion of Rs. 2,25,000 by the CIT(A) was upheld as the addition was based on conjecture without evidence. The deduction of Rs. 74,372 for salaries and 1/3rd of the manager's salary was upheld to maintain consistency with past assessments. Case-Laws Income Tax Thu, 22 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192409