https://www.taxtmi.com/caselaws?id=394868 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 16,42,68,522/- made by the AO. The CIT(A)'s order was affirmed, finding no basis for the addition as it relied on unsubstantiated jottings on a loose sheet without corroborative evidence. The Hon'ble High Court and the Supreme Court also supported this decision, concluding that the seized document did not pertain to the assessee and could not be used to make adverse inferences. en-us Mon, 17 Feb 2020 00:00:00 +0530 Tue, 28 Apr 2020 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394868 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 16,42,68,522/- made by the AO. The CIT(A)'s order was affirmed, finding no basis for the addition as it relied on unsubstantiated jottings on a loose sheet without corroborative evidence. The Hon'ble High Court and the Supreme Court also supported this decision, concluding that the seized document did not pertain to the assessee and could not be used to make adverse inferences. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394868