https://www.taxtmi.com/caselaws?id=277591 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 30,00,000/- and Rs. 23,30,000/- based on the assessee's statements under Section 132(4) of the Income Tax Act, 1961, emphasizing the need for corroborative evidence to support such additions. Additionally, the Tribunal ruled that procedural irregularities, such as the failure to file a statement of facts, should not impede the adjudication of an appeal, ultimately dismissing the Revenue's appeal on 16th August 2016. en-us Tue, 16 Aug 2016 00:00:00 +0530 Thu, 13 Dec 2018 06:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277591 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 30,00,000/- and Rs. 23,30,000/- based on the assessee's statements under Section 132(4) of the Income Tax Act, 1961, emphasizing the need for corroborative evidence to support such additions. Additionally, the Tribunal ruled that procedural irregularities, such as the failure to file a statement of facts, should not impede the adjudication of an appeal, ultimately dismissing the Revenue's appeal on 16th August 2016. Case-Laws Income Tax Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277591