https://www.taxtmi.com/caselaws?id=366544 The Tribunal allowed the Assessee's appeal, ruling in favor of deleting the addition of Rs. 25 lakhs to the total income. It emphasized the lack of concrete evidence supporting the addition and highlighted that the Assessee's admission was not conclusive, particularly given his low-income status and the absence of corroborative evidence. The Tribunal stressed the importance of relying on substantial evidence and circumstances to validate admissions, underscoring that an admission alone is insufficient to establish income without supporting proof. en-us Fri, 31 Aug 2018 00:00:00 +0530 Thu, 06 Sep 2018 09:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366544 The Tribunal allowed the Assessee's appeal, ruling in favor of deleting the addition of Rs. 25 lakhs to the total income. It emphasized the lack of concrete evidence supporting the addition and highlighted that the Assessee's admission was not conclusive, particularly given his low-income status and the absence of corroborative evidence. The Tribunal stressed the importance of relying on substantial evidence and circumstances to validate admissions, underscoring that an admission alone is insufficient to establish income without supporting proof. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366544