https://www.taxtmi.com/caselaws?id=410717 The Tribunal set aside the orders of the Assessing Officer and CIT(A) and directed the deletion of the addition of Rs. 5,31,58,400 as undisclosed sale consideration. The Tribunal found that the addition was based on presumptions without corroborative evidence, emphasizing the lack of direct evidence linking the appellant to alleged cash payments and procedural lapses in denying cross-examination. The appeal was allowed in favor of the appellant due to insufficient evidence and procedural irregularities. en-us Thu, 05 Aug 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410717 The Tribunal set aside the orders of the Assessing Officer and CIT(A) and directed the deletion of the addition of Rs. 5,31,58,400 as undisclosed sale consideration. The Tribunal found that the addition was based on presumptions without corroborative evidence, emphasizing the lack of direct evidence linking the appellant to alleged cash payments and procedural lapses in denying cross-examination. The appeal was allowed in favor of the appellant due to insufficient evidence and procedural irregularities. Case-Laws Income Tax Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410717