https://www.taxtmi.com/caselaws?id=406568 The Tribunal dismissed the Revenue's appeals for Assessment Years 2013-14 and 2014-15, affirming the CIT(A)'s decisions. Additions under Section 69B were deleted due to lack of corroborative evidence and reliance solely on the DVO's report. Relief was granted for unexplained investment under Section 69, and disallowance under Section 40A(3) was overturned, emphasizing genuine business transactions and the absence of tax evasion. The Tribunal highlighted the necessity of corroborative evidence and proper examination of books before making additions, reinforcing established judicial precedents. en-us Tue, 13 Apr 2021 00:00:00 +0530 Mon, 28 Oct 2024 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406568 The Tribunal dismissed the Revenue's appeals for Assessment Years 2013-14 and 2014-15, affirming the CIT(A)'s decisions. Additions under Section 69B were deleted due to lack of corroborative evidence and reliance solely on the DVO's report. Relief was granted for unexplained investment under Section 69, and disallowance under Section 40A(3) was overturned, emphasizing genuine business transactions and the absence of tax evasion. The Tribunal highlighted the necessity of corroborative evidence and proper examination of books before making additions, reinforcing established judicial precedents. Case-Laws Income Tax Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406568