https://www.taxtmi.com/caselaws?id=293851 The High Court upheld the Tribunal's decision to dismiss the Income-tax Appeal, affirming the deletion of the addition of Rs. 739.04 lacs. The Court agreed with the Tribunal's finding that there was no evidence of the disputed amount being paid by the assessee, emphasizing the importance of substantiating financial transactions with concrete evidence in tax proceedings. This case underscores the necessity of adhering to established legal principles and evidentiary standards in resolving income tax assessment disputes. en-us Mon, 29 Jul 2019 00:00:00 +0530 Mon, 19 Jul 2021 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293851 The High Court upheld the Tribunal's decision to dismiss the Income-tax Appeal, affirming the deletion of the addition of Rs. 739.04 lacs. The Court agreed with the Tribunal's finding that there was no evidence of the disputed amount being paid by the assessee, emphasizing the importance of substantiating financial transactions with concrete evidence in tax proceedings. This case underscores the necessity of adhering to established legal principles and evidentiary standards in resolving income tax assessment disputes. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293851