https://www.taxtmi.com/caselaws?id=391584 The Tribunal concluded that the Assessing Officer lacked sufficient evidence to support the addition under section 50C of the Income Tax Act. It was found that the Commissioner of Income Tax (Appeals) erred in affirming the Assessing Officer's decision. Consequently, the Tribunal deleted the addition of Rs. 10,72,000 and ruled in favor of the assessee in the appeal. en-us Thu, 30 Jan 2020 00:00:00 +0530 Fri, 31 Jan 2020 21:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391584 The Tribunal concluded that the Assessing Officer lacked sufficient evidence to support the addition under section 50C of the Income Tax Act. It was found that the Commissioner of Income Tax (Appeals) erred in affirming the Assessing Officer's decision. Consequently, the Tribunal deleted the addition of Rs. 10,72,000 and ruled in favor of the assessee in the appeal. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391584