https://www.taxtmi.com/caselaws?id=351018 The Tribunal dismissed the appeals of the Revenue and the cross objections of the assesses, confirming the CIT(Appeals)'s decision to delete the protective assessments. The Tribunal emphasized the lack of substantial evidence to support the AO's claims regarding the alleged receipt of amounts by the assesses. It highlighted the importance of concrete evidence over presumptions or unverified documents in making assessments, ultimately upholding the principle that assessments must be based on solid proof rather than assumptions. en-us Fri, 31 Mar 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351018 The Tribunal dismissed the appeals of the Revenue and the cross objections of the assesses, confirming the CIT(Appeals)'s decision to delete the protective assessments. The Tribunal emphasized the lack of substantial evidence to support the AO's claims regarding the alleged receipt of amounts by the assesses. It highlighted the importance of concrete evidence over presumptions or unverified documents in making assessments, ultimately upholding the principle that assessments must be based on solid proof rather than assumptions. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351018