https://www.taxtmi.com/caselaws?id=359571 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete additions made by the Assessing Officer (A.O.) totaling Rs. 1,23,13,672/- in unexplained investments, unsecured loans, and gifts received. The ITAT agreed that the A.O. lacked proper evidence for the additions and emphasized the need for accurate assessment. The ITAT dismissed the revenue's appeal, affirming the CIT(A)'s order. en-us Wed, 25 Apr 2018 00:00:00 +0530 Wed, 02 May 2018 06:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359571 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete additions made by the Assessing Officer (A.O.) totaling Rs. 1,23,13,672/- in unexplained investments, unsecured loans, and gifts received. The ITAT agreed that the A.O. lacked proper evidence for the additions and emphasized the need for accurate assessment. The ITAT dismissed the revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359571