https://www.taxtmi.com/caselaws?id=406898 The Tribunal allowed the appeals, directing the deletion of the additions made by the lower authorities. The Tribunal found that the AO's actions were based on assumptions and uncorroborated evidence, and the principles of natural justice were not followed. The Tribunal emphasized the need for material evidence to support any addition and upheld the assessee's claims of genuine transactions. en-us Tue, 20 Apr 2021 00:00:00 +0530 Thu, 22 Apr 2021 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406898 The Tribunal allowed the appeals, directing the deletion of the additions made by the lower authorities. The Tribunal found that the AO's actions were based on assumptions and uncorroborated evidence, and the principles of natural justice were not followed. The Tribunal emphasized the need for material evidence to support any addition and upheld the assessee's claims of genuine transactions. Case-Laws Income Tax Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406898