https://www.taxtmi.com/caselaws?id=400002 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer (A.O.) totaling Rs. 25,86,60,550/- and Rs. 2,50,00,000/- based on alleged on-money receipts and discrepancies in seized documents, respectively. The Tribunal emphasized the necessity of corroborative evidence and proper verification before making such additions, highlighting that relying solely on uncorroborated statements and "dumb documents" is insufficient to justify tax assessments. en-us Wed, 09 Sep 2020 00:00:00 +0530 Tue, 20 Oct 2020 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400002 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Assessing Officer (A.O.) totaling Rs. 25,86,60,550/- and Rs. 2,50,00,000/- based on alleged on-money receipts and discrepancies in seized documents, respectively. The Tribunal emphasized the necessity of corroborative evidence and proper verification before making such additions, highlighting that relying solely on uncorroborated statements and "dumb documents" is insufficient to justify tax assessments. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400002