https://www.taxtmi.com/caselaws?id=294778 The Tribunal ruled in favor of the assessee, setting aside the CIT(A)'s order and directing the Assessing Officer to delete the addition made under section 69 of the Income Tax Act. The Tribunal found that the Revenue failed to provide concrete evidence linking the assessee to the alleged on-money payment, emphasizing the lack of direct evidence and criticizing the Department's reliance on unrelated transactions. The decision highlighted the Revenue's failure to meet the burden of proof required for such additions, ultimately leading to the ruling in favor of the assessee. en-us Fri, 09 Mar 2018 00:00:00 +0530 Mon, 03 May 2021 08:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294778 The Tribunal ruled in favor of the assessee, setting aside the CIT(A)'s order and directing the Assessing Officer to delete the addition made under section 69 of the Income Tax Act. The Tribunal found that the Revenue failed to provide concrete evidence linking the assessee to the alleged on-money payment, emphasizing the lack of direct evidence and criticizing the Department's reliance on unrelated transactions. The decision highlighted the Revenue's failure to meet the burden of proof required for such additions, ultimately leading to the ruling in favor of the assessee. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294778