https://www.taxtmi.com/caselaws?id=277976 The appeal against the deletion of an addition under section 68 of the Income Tax Act for the Assessment Year 2014-15 was dismissed by the Tribunal. The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the addition was made on presumptions and assumptions without concrete legal evidence. The lack of substantial counterarguments from the revenue and the absence of conflicting decisions supported the assessee's position, leading to the dismissal of the appeal on 20.12.2017. en-us Wed, 20 Dec 2017 00:00:00 +0530 Thu, 03 Jan 2019 06:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277976 The appeal against the deletion of an addition under section 68 of the Income Tax Act for the Assessment Year 2014-15 was dismissed by the Tribunal. The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the addition was made on presumptions and assumptions without concrete legal evidence. The lack of substantial counterarguments from the revenue and the absence of conflicting decisions supported the assessee's position, leading to the dismissal of the appeal on 20.12.2017. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277976