https://www.taxtmi.com/caselaws?id=401724 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to confirm the addition of Rs. 65,00,000 to the appellant's total income for the assessment year 2013-14. The Tribunal found the appellant's explanations lacking and supported the Assessing Officer's reliance on the appellant's statement during the survey. Despite the appellant's arguments based on previous tribunal decisions and CBDT instructions, the Tribunal distinguished the circumstances and upheld the addition, emphasizing the importance of evidence in income declarations. The appeal was dismissed on September 16, 2020, with the Tribunal emphasizing the need for substantiating evidence in tax assessments. en-us Wed, 16 Sep 2020 00:00:00 +0530 Tue, 15 Dec 2020 15:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401724 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to confirm the addition of Rs. 65,00,000 to the appellant's total income for the assessment year 2013-14. The Tribunal found the appellant's explanations lacking and supported the Assessing Officer's reliance on the appellant's statement during the survey. Despite the appellant's arguments based on previous tribunal decisions and CBDT instructions, the Tribunal distinguished the circumstances and upheld the addition, emphasizing the importance of evidence in income declarations. The appeal was dismissed on September 16, 2020, with the Tribunal emphasizing the need for substantiating evidence in tax assessments. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401724