https://www.taxtmi.com/caselaws?id=279777 The tribunal partly allowed the Revenue's appeal, directing a fresh assessment on the deemed annual lettable value issue while upholding the CIT(A)'s decisions on the unexplained cash credit and disallowance under Section 14A. The tribunal stressed the importance of adherence to legal principles and the necessity for the Assessing Officer to provide concrete evidence rather than mere suspicion to support tax liabilities. en-us Wed, 09 May 2018 00:00:00 +0530 Fri, 05 Apr 2019 06:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279777 The tribunal partly allowed the Revenue's appeal, directing a fresh assessment on the deemed annual lettable value issue while upholding the CIT(A)'s decisions on the unexplained cash credit and disallowance under Section 14A. The tribunal stressed the importance of adherence to legal principles and the necessity for the Assessing Officer to provide concrete evidence rather than mere suspicion to support tax liabilities. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279777