https://www.taxtmi.com/caselaws?id=362758 The revenue's appeal challenging the deletion of additions in the quantum assessment order for AY 2008-09 was partly allowed by the Tribunal. The Tribunal upheld the addition for excess cash but found the additions for investment in furniture & fixture, remission of trading liability, and excess stock during the survey as unsustainable due to lack of proper evidence. The Tribunal emphasized the need for corroborative evidence for statements made during survey proceedings and ruled based on observations from lower authorities. en-us Fri, 29 Jun 2018 00:00:00 +0530 Tue, 03 Jul 2018 07:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362758 The revenue's appeal challenging the deletion of additions in the quantum assessment order for AY 2008-09 was partly allowed by the Tribunal. The Tribunal upheld the addition for excess cash but found the additions for investment in furniture & fixture, remission of trading liability, and excess stock during the survey as unsustainable due to lack of proper evidence. The Tribunal emphasized the need for corroborative evidence for statements made during survey proceedings and ruled based on observations from lower authorities. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362758