https://www.taxtmi.com/caselaws?id=405866 The Tribunal dismissed all grounds of the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions due to lack of corroborative evidence and adherence to legal precedents. The Tribunal emphasized the need for corroborative evidence to support additions based on statements under section 132(4) of the Income Tax Act, ultimately ruling in favor of the assessee and against the Revenue in both cases. en-us Thu, 25 Mar 2021 00:00:00 +0530 Wed, 31 Mar 2021 08:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405866 The Tribunal dismissed all grounds of the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions due to lack of corroborative evidence and adherence to legal precedents. The Tribunal emphasized the need for corroborative evidence to support additions based on statements under section 132(4) of the Income Tax Act, ultimately ruling in favor of the assessee and against the Revenue in both cases. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405866