https://www.taxtmi.com/caselaws?id=351854 The ITAT Delhi upheld the CIT(A)'s decision to delete the addition of Rs. 20 crores in the income tax return for A.Y. 2012-2013. The court dismissed the departmental appeal and the assessee's cross-objection, emphasizing the importance of evidence and proper assessment in determining taxable income. The judgment ruled in favor of the assessee due to the lack of concrete evidence supporting the addition based on a seized document, ultimately supporting the assessee's income declaration. en-us Thu, 30 Nov 2017 00:00:00 +0530 Sat, 02 Dec 2017 10:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351854 The ITAT Delhi upheld the CIT(A)'s decision to delete the addition of Rs. 20 crores in the income tax return for A.Y. 2012-2013. The court dismissed the departmental appeal and the assessee's cross-objection, emphasizing the importance of evidence and proper assessment in determining taxable income. The judgment ruled in favor of the assessee due to the lack of concrete evidence supporting the addition based on a seized document, ultimately supporting the assessee's income declaration. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351854