https://www.taxtmi.com/caselaws?id=409950 The ITAT upheld the validity of the statutory notice and reassessment proceedings but directed the deletion of the addition of Rs. 8,00,000 as unexplained income, citing lack of corroborative evidence and material found from a third party. The appeal was partly allowed, with the addition being deleted. en-us Wed, 30 Jun 2021 00:00:00 +0530 Wed, 21 Jul 2021 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409950 The ITAT upheld the validity of the statutory notice and reassessment proceedings but directed the deletion of the addition of Rs. 8,00,000 as unexplained income, citing lack of corroborative evidence and material found from a third party. The appeal was partly allowed, with the addition being deleted. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409950