https://www.taxtmi.com/caselaws?id=401103 The tribunal allowed the appeal, directing the assessing officer to delete the addition of Rs. 10,00,000 to the total income. The tribunal found that the addition was solely based on uncorroborated evidence from the statement of the assessee's son recorded during a search operation under section 132(4) of the Income Tax Act. As no adverse material was presented to counter the factual submissions, the tribunal ruled in favor of the assessee. The decision did not extensively address the challenge to the maintenance of interest under sections 234A and 234B. en-us Thu, 22 Oct 2020 00:00:00 +0530 Fri, 27 Nov 2020 10:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401103 The tribunal allowed the appeal, directing the assessing officer to delete the addition of Rs. 10,00,000 to the total income. The tribunal found that the addition was solely based on uncorroborated evidence from the statement of the assessee's son recorded during a search operation under section 132(4) of the Income Tax Act. As no adverse material was presented to counter the factual submissions, the tribunal ruled in favor of the assessee. The decision did not extensively address the challenge to the maintenance of interest under sections 234A and 234B. Case-Laws Income Tax Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401103