https://www.taxtmi.com/caselaws?id=405322 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decision to delete the addition of undisclosed profit to the firm's income for the assessment year 2013-14. The Tribunal found that the Managing Partner's statement did not provide conclusive evidence, and there was a lack of supporting material to justify the addition. The CIT (A) considered the discrepancy in profit declaration, absence of corroborative evidence, and concluded that the addition was not sustainable. The decision was made on January 20, 2021. en-us Wed, 20 Jan 2021 00:00:00 +0530 Thu, 18 Mar 2021 09:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405322 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decision to delete the addition of undisclosed profit to the firm's income for the assessment year 2013-14. The Tribunal found that the Managing Partner's statement did not provide conclusive evidence, and there was a lack of supporting material to justify the addition. The CIT (A) considered the discrepancy in profit declaration, absence of corroborative evidence, and concluded that the addition was not sustainable. The decision was made on January 20, 2021. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405322