https://www.taxtmi.com/caselaws?id=349267 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer under Section 69B of the Income Tax Act. The Tribunal found that the evidence seized from a third party, a photocopy of an agreement, was insufficient to prove unaccounted investments by the assessees. Additionally, the reopening of cases under Section 148 was dismissed as withdrawn by the assessees' representative. The Tribunal emphasized the importance of conclusive evidence and burden of proof lying with the Revenue, ultimately ruling in favor of the assessees and dismissing the revenue's appeals. en-us Tue, 26 Sep 2017 00:00:00 +0530 Tue, 10 Oct 2017 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349267 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer under Section 69B of the Income Tax Act. The Tribunal found that the evidence seized from a third party, a photocopy of an agreement, was insufficient to prove unaccounted investments by the assessees. Additionally, the reopening of cases under Section 148 was dismissed as withdrawn by the assessees' representative. The Tribunal emphasized the importance of conclusive evidence and burden of proof lying with the Revenue, ultimately ruling in favor of the assessees and dismissing the revenue's appeals. Case-Laws Income Tax Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349267