https://www.taxtmi.com/caselaws?id=398789 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions on all issues. It emphasized that additions under Section 153A must be supported by direct incriminating evidence against the assessee and not on presumptions or documents related to third parties. Additionally, the Tribunal clarified the application of Section 40A(3) regarding advances not debited to the Profit & Loss account. en-us Wed, 19 Aug 2020 00:00:00 +0530 Thu, 24 Sep 2020 11:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398789 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions on all issues. It emphasized that additions under Section 153A must be supported by direct incriminating evidence against the assessee and not on presumptions or documents related to third parties. Additionally, the Tribunal clarified the application of Section 40A(3) regarding advances not debited to the Profit & Loss account. Case-Laws Income Tax Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398789