https://www.taxtmi.com/caselaws?id=396461 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition of Rs. 1,05,150. The decision emphasized that retracted statements and unsupported allegations could not justify additions, highlighting the importance of substantive evidence in tax matters. The outcome favored the assessee, leading to the deletion of the disputed amount. en-us Fri, 03 Jul 2020 00:00:00 +0530 Sat, 04 Jul 2020 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396461 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition of Rs. 1,05,150. The decision emphasized that retracted statements and unsupported allegations could not justify additions, highlighting the importance of substantive evidence in tax matters. The outcome favored the assessee, leading to the deletion of the disputed amount. Case-Laws Income Tax Fri, 03 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396461