https://www.taxtmi.com/caselaws?id=408951 The case involved the reopening of assessment for the assessment year 2010-11 based on coded entries deciphered from notebooks during a survey of M/s. Cardio Technovention. The Revenue added income to the assessee based on these entries, alleging undisclosed commission income. However, the Tribunal found the Revenue's interpretation speculative, lacking concrete evidence linking the entries to the assessee. Discrepancies in the Revenue's treatment of similar cases and the absence of supporting documents led the Tribunal to rule against the addition to the assessee's income, emphasizing the need for substantial evidence in tax assessments. en-us Tue, 15 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408951 The case involved the reopening of assessment for the assessment year 2010-11 based on coded entries deciphered from notebooks during a survey of M/s. Cardio Technovention. The Revenue added income to the assessee based on these entries, alleging undisclosed commission income. However, the Tribunal found the Revenue's interpretation speculative, lacking concrete evidence linking the entries to the assessee. Discrepancies in the Revenue's treatment of similar cases and the absence of supporting documents led the Tribunal to rule against the addition to the assessee's income, emphasizing the need for substantial evidence in tax assessments. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408951