https://www.taxtmi.com/caselaws?id=346470 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the deletion of the addition of Rs. 22.05 crores based on entries in a seized document, citing lack of corroborative evidence. The Tribunal reduced the addition of Rs. 11 lakhs to Rs. 2.67 lakhs, considering personal and business cash balances presented by the assessee. The decision provided a balanced resolution, emphasizing the need for clear evidence to support income additions. en-us Mon, 31 Jul 2017 00:00:00 +0530 Tue, 15 Aug 2017 23:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346470 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the deletion of the addition of Rs. 22.05 crores based on entries in a seized document, citing lack of corroborative evidence. The Tribunal reduced the addition of Rs. 11 lakhs to Rs. 2.67 lakhs, considering personal and business cash balances presented by the assessee. The decision provided a balanced resolution, emphasizing the need for clear evidence to support income additions. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346470