https://www.taxtmi.com/caselaws?id=397650 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the additions towards unexplained share capital and disallowances of depreciation and expenses. The ITAT emphasized the importance of linking additions in block assessments to incriminating evidence found during searches and the necessity of substantiating claims with adequate documentation. The cross-objection filed by the assessee was dismissed due to significant delay without proper explanation. en-us Wed, 29 Jul 2020 00:00:00 +0530 Mon, 24 Aug 2020 19:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397650 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the additions towards unexplained share capital and disallowances of depreciation and expenses. The ITAT emphasized the importance of linking additions in block assessments to incriminating evidence found during searches and the necessity of substantiating claims with adequate documentation. The cross-objection filed by the assessee was dismissed due to significant delay without proper explanation. Case-Laws Income Tax Wed, 29 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397650