https://www.taxtmi.com/caselaws?id=410044 The Tribunal invalidated the assessment order due to incorrect information, directing the deletion of the addition of Rs. 13,00,000/- based on cash deposits. The Tribunal emphasized the significance of credible evidence and dismissed the interest charged under sections 234A, 234B, and 234C. The decision highlighted the necessity of adhering to legal principles concerning the burden of proof in tax cases, ultimately ruling in favor of the assessee. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410044 The Tribunal invalidated the assessment order due to incorrect information, directing the deletion of the addition of Rs. 13,00,000/- based on cash deposits. The Tribunal emphasized the significance of credible evidence and dismissed the interest charged under sections 234A, 234B, and 234C. The decision highlighted the necessity of adhering to legal principles concerning the burden of proof in tax cases, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410044