https://www.taxtmi.com/caselaws?id=407785 The Tribunal allowed the appeal of the assessee (Thakker group), directing the AO to delete the addition of Rs. 2,58,20,476/-. It dismissed the Revenue's appeals for both assessment years 2014-15 and 2012-13, holding that the additions were based on assumptions, presumptions, and inadmissible material without corroborative evidence. The Tribunal emphasized the need for concrete evidence to justify any addition in the hands of the assessee. en-us Wed, 19 May 2021 00:00:00 +0530 Fri, 21 May 2021 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407785 The Tribunal allowed the appeal of the assessee (Thakker group), directing the AO to delete the addition of Rs. 2,58,20,476/-. It dismissed the Revenue's appeals for both assessment years 2014-15 and 2012-13, holding that the additions were based on assumptions, presumptions, and inadmissible material without corroborative evidence. The Tribunal emphasized the need for concrete evidence to justify any addition in the hands of the assessee. Case-Laws Income Tax Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407785