https://www.taxtmi.com/caselaws?id=365782 The Tribunal allowed the appeal, directing the deletion of the addition of cash under section 68 of the Income Tax Act, 1961. The assessing officer and Commissioner of Income Tax (Appeals) did not properly evaluate the evidence provided by the assessee, leading to a decision based on suspicion rather than a thorough assessment of the facts. The Tribunal emphasized the importance of considering all relevant evidence and circumstances before making additions to a taxpayer's income solely on suspicion. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 23 Aug 2018 09:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365782 The Tribunal allowed the appeal, directing the deletion of the addition of cash under section 68 of the Income Tax Act, 1961. The assessing officer and Commissioner of Income Tax (Appeals) did not properly evaluate the evidence provided by the assessee, leading to a decision based on suspicion rather than a thorough assessment of the facts. The Tribunal emphasized the importance of considering all relevant evidence and circumstances before making additions to a taxpayer's income solely on suspicion. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365782