https://www.taxtmi.com/caselaws?id=407984 The Tribunal partially allowed the appeal, ruling in favor of the appellant on certain issues. The addition of Rs. 28,00,000 and consequential interest income of Rs. 51,083 were deleted due to lack of concrete evidence and double taxation concerns. However, the addition of Rs. 60,000 as agricultural income was upheld as the appellant failed to provide sufficient evidence. The reassessment order was deemed unsustainable and illegal, emphasizing the importance of concrete evidence in tax matters. The decision was rendered on 19/5/2021. en-us Wed, 19 May 2021 00:00:00 +0530 Thu, 27 May 2021 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407984 The Tribunal partially allowed the appeal, ruling in favor of the appellant on certain issues. The addition of Rs. 28,00,000 and consequential interest income of Rs. 51,083 were deleted due to lack of concrete evidence and double taxation concerns. However, the addition of Rs. 60,000 as agricultural income was upheld as the appellant failed to provide sufficient evidence. The reassessment order was deemed unsustainable and illegal, emphasizing the importance of concrete evidence in tax matters. The decision was rendered on 19/5/2021. Case-Laws Income Tax Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407984