https://www.taxtmi.com/caselaws?id=193695 The Tribunal, following the precedent in a similar case, deleted the Rs. 5 lakhs addition made by the AO and upheld by the CIT(A). The reassessment proceedings were deemed invalid due to insufficient specific and reliable evidence against the assessee. The Tribunal emphasized that general information about hawala transactions was insufficient to justify the addition without concrete evidence. en-us Tue, 09 Feb 2016 00:00:00 +0530 Wed, 16 Aug 2017 08:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193695 The Tribunal, following the precedent in a similar case, deleted the Rs. 5 lakhs addition made by the AO and upheld by the CIT(A). The reassessment proceedings were deemed invalid due to insufficient specific and reliable evidence against the assessee. The Tribunal emphasized that general information about hawala transactions was insufficient to justify the addition without concrete evidence. Case-Laws Income Tax Tue, 09 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193695