https://www.taxtmi.com/caselaws?id=296441 The deletion of the Rs. 32 crores addition was upheld as the unsigned letter, the basis of the addition, was deemed to have no evidentiary value. The addition of Rs. 68,31,25,000 on account of consideration in kind was deleted as the Tribunal found no benefit derived from the company. The addition of Rs. 5 crores as profit from Sai Surya Realtors was also deleted due to lack of evidence of actual receipt or crystallized right to receive the profit during the relevant year. en-us Fri, 29 Nov 2013 00:00:00 +0530 Wed, 21 Jul 2021 11:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296441 The deletion of the Rs. 32 crores addition was upheld as the unsigned letter, the basis of the addition, was deemed to have no evidentiary value. The addition of Rs. 68,31,25,000 on account of consideration in kind was deleted as the Tribunal found no benefit derived from the company. The addition of Rs. 5 crores as profit from Sai Surya Realtors was also deleted due to lack of evidence of actual receipt or crystallized right to receive the profit during the relevant year. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296441