https://www.taxtmi.com/caselaws?id=400067 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 1,51,93,791/- to the assessee's income. The Tribunal found that the assessment was based on presumptions without concrete evidence, emphasizing that the client code modification (CCM) was within the broker's control, absolving the assessee of responsibility for the broker's actions. The Tribunal concluded that the addition was unjustified, highlighting the importance of concrete evidence in assessments rather than mere suspicion. en-us Mon, 27 Jul 2020 00:00:00 +0530 Tue, 27 Oct 2020 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400067 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 1,51,93,791/- to the assessee's income. The Tribunal found that the assessment was based on presumptions without concrete evidence, emphasizing that the client code modification (CCM) was within the broker's control, absolving the assessee of responsibility for the broker's actions. The Tribunal concluded that the addition was unjustified, highlighting the importance of concrete evidence in assessments rather than mere suspicion. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400067