https://www.taxtmi.com/caselaws?id=376255 The Tribunal allowed all appeals filed by the assessee, ruling in favor of the appellant. The additions made by the Assessing Officer based on the seized document were deemed unsustainable due to lack of clarity and corroborative evidence. The burden of proof for offering a suitable explanation was not discharged, and the Tribunal found the invocation of section 292C rebuttable. Ultimately, the Tribunal ordered the deletions of the additions confirmed by the Commissioner of Income Tax (Appeals), emphasizing the necessity of substantial evidence in such cases. en-us Thu, 28 Feb 2019 00:00:00 +0530 Wed, 06 Mar 2019 06:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376255 The Tribunal allowed all appeals filed by the assessee, ruling in favor of the appellant. The additions made by the Assessing Officer based on the seized document were deemed unsustainable due to lack of clarity and corroborative evidence. The burden of proof for offering a suitable explanation was not discharged, and the Tribunal found the invocation of section 292C rebuttable. Ultimately, the Tribunal ordered the deletions of the additions confirmed by the Commissioner of Income Tax (Appeals), emphasizing the necessity of substantial evidence in such cases. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376255