https://www.taxtmi.com/caselaws?id=344456 The appellate tribunal overturned the CIT (A)'s decision to add additional income to the assessee's declared income for the assessment year 2008-09. The tribunal emphasized the necessity of corroborative evidence for income additions, highlighting that relying solely on statements from surveys is insufficient. The additions related to advances and construction costs lacked proper substantiation, leading to their deletion by the tribunal. The decision underscored the importance of factual evidence and adherence to legal precedents in making income adjustments, ultimately granting relief to the assessee by deleting unsupported additions. en-us Fri, 09 Jun 2017 00:00:00 +0530 Sat, 17 Jun 2017 11:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344456 The appellate tribunal overturned the CIT (A)'s decision to add additional income to the assessee's declared income for the assessment year 2008-09. The tribunal emphasized the necessity of corroborative evidence for income additions, highlighting that relying solely on statements from surveys is insufficient. The additions related to advances and construction costs lacked proper substantiation, leading to their deletion by the tribunal. The decision underscored the importance of factual evidence and adherence to legal precedents in making income adjustments, ultimately granting relief to the assessee by deleting unsupported additions. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344456