https://www.taxtmi.com/caselaws?id=386088 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1 crore as undisclosed income, citing lack of corroborative evidence. The reassessment proceedings were deemed valid, but the addition based on loose papers and digital data lacked substantiation, resulting in the revenue's appeal being dismissed. The Tribunal emphasized the necessity of concrete evidence for income additions, affirming the importance of factual support over assumptions or conjectures. en-us Thu, 08 Aug 2019 00:00:00 +0530 Fri, 20 Sep 2019 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386088 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1 crore as undisclosed income, citing lack of corroborative evidence. The reassessment proceedings were deemed valid, but the addition based on loose papers and digital data lacked substantiation, resulting in the revenue's appeal being dismissed. The Tribunal emphasized the necessity of concrete evidence for income additions, affirming the importance of factual support over assumptions or conjectures. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386088