https://www.taxtmi.com/caselaws?id=408672 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals for the assessment years 2004-05, 2005-06, and 2006-07. The ITAT upheld the decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete additions totaling Rs. 3,77,12,449 made by the Assessing Officer (AO) under Sections 68 and 69C of the Income Tax Act, and for estimation of fees income. The ITAT stressed the necessity of concrete evidence rather than assumptions and conjectures when determining additions to an assessee's income. en-us Thu, 03 Jun 2021 00:00:00 +0530 Fri, 18 Jun 2021 08:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408672 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals for the assessment years 2004-05, 2005-06, and 2006-07. The ITAT upheld the decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete additions totaling Rs. 3,77,12,449 made by the Assessing Officer (AO) under Sections 68 and 69C of the Income Tax Act, and for estimation of fees income. The ITAT stressed the necessity of concrete evidence rather than assumptions and conjectures when determining additions to an assessee's income. Case-Laws Income Tax Thu, 03 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408672