https://www.taxtmi.com/caselaws?id=404718 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,00,58,873/- made by the A.O. on account of unexplained investment. It found that there was no evidence to support the claim of on-money payment, and the sale deed was executed at the prevailing jantri rate. The Tribunal emphasized the necessity of corroborative evidence for any addition to be sustained and highlighted the lack of tangible evidence in this case. The appeal by the Revenue was dismissed, and the decision was pronounced on 23-02-2021. en-us Tue, 23 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 08:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404718 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,00,58,873/- made by the A.O. on account of unexplained investment. It found that there was no evidence to support the claim of on-money payment, and the sale deed was executed at the prevailing jantri rate. The Tribunal emphasized the necessity of corroborative evidence for any addition to be sustained and highlighted the lack of tangible evidence in this case. The appeal by the Revenue was dismissed, and the decision was pronounced on 23-02-2021. Case-Laws Income Tax Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404718