https://www.taxtmi.com/caselaws?id=395195 The tribunal partially allowed the assessee's appeal, emphasizing the necessity of corroborative evidence and proper documentation to support additions to an assessee's income. The judgment highlighted the importance of adhering to legal principles and ensuring that additions are based on concrete evidence rather than mere suspicion or incomplete information. The tribunal directed the Assessing Officer to delete the addition of Rs. 1,87,00,000 in the hands of the assessee based on the transfer of tenancy rights, as it was solely made on the basis of a loose paper without sufficient corroborative evidence. en-us Fri, 10 Jan 2020 00:00:00 +0530 Mon, 11 May 2020 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395195 The tribunal partially allowed the assessee's appeal, emphasizing the necessity of corroborative evidence and proper documentation to support additions to an assessee's income. The judgment highlighted the importance of adhering to legal principles and ensuring that additions are based on concrete evidence rather than mere suspicion or incomplete information. The tribunal directed the Assessing Officer to delete the addition of Rs. 1,87,00,000 in the hands of the assessee based on the transfer of tenancy rights, as it was solely made on the basis of a loose paper without sufficient corroborative evidence. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395195