https://www.taxtmi.com/caselaws?id=197796 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 41,51,054/- to the assessee's income, made by the AO based on seized documents under section 292C of the I.T. Act. The Tribunal agreed that the presumption under section 292C is rebuttable, and the document in question did not conclusively prove the transactions belonged to the assessee. The Tribunal found no fault in the CIT(A)'s reasoning and dismissed the Revenue's appeal, affirming the deletion of the addition. en-us Fri, 25 Jun 2010 00:00:00 +0530 Tue, 16 Jan 2018 11:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197796 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 41,51,054/- to the assessee's income, made by the AO based on seized documents under section 292C of the I.T. Act. The Tribunal agreed that the presumption under section 292C is rebuttable, and the document in question did not conclusively prove the transactions belonged to the assessee. The Tribunal found no fault in the CIT(A)'s reasoning and dismissed the Revenue's appeal, affirming the deletion of the addition. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197796