https://www.taxtmi.com/caselaws?id=406373 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition of Rs. 15,00,000 to the assessee's income as earned from undisclosed sources. The Tribunal emphasized the importance of concrete evidence and verification, noting the failure of the AO to adequately investigate the source of payment and statements from relevant individuals. The decision was based on discrepancies in the CIT(A)'s evaluation of evidence and failure to consider the submissions and documentary evidence provided by the assessee during the assessment proceedings. en-us Tue, 30 Mar 2021 00:00:00 +0530 Tue, 13 Apr 2021 08:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406373 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition of Rs. 15,00,000 to the assessee's income as earned from undisclosed sources. The Tribunal emphasized the importance of concrete evidence and verification, noting the failure of the AO to adequately investigate the source of payment and statements from relevant individuals. The decision was based on discrepancies in the CIT(A)'s evaluation of evidence and failure to consider the submissions and documentary evidence provided by the assessee during the assessment proceedings. Case-Laws Income Tax Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406373