https://www.taxtmi.com/caselaws?id=403405 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 1,60,53,332 for suppression of profit through client code modification in the assessment year 2010-11 under the Income Tax Act 1961. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, emphasizing the lack of concrete evidence and proper inquiry by the Assessing Officer. It was concluded that the additions were made based on suspicion without substantial evidence, and in the absence of proof against the assessee, the addition was deemed unjustified, following principles of natural justice. en-us Mon, 07 Dec 2020 00:00:00 +0530 Thu, 28 Jan 2021 11:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403405 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 1,60,53,332 for suppression of profit through client code modification in the assessment year 2010-11 under the Income Tax Act 1961. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, emphasizing the lack of concrete evidence and proper inquiry by the Assessing Officer. It was concluded that the additions were made based on suspicion without substantial evidence, and in the absence of proof against the assessee, the addition was deemed unjustified, following principles of natural justice. Case-Laws Income Tax Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403405