https://www.taxtmi.com/caselaws?id=411448 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 11,05,51,000/- as unaccounted on-money payment for the purchase of land. The Tribunal ruled that the proceedings initiated under section 153C of the Income Tax Act were invalid due to lack of incriminating evidence linking the assessee to the alleged payment, in line with the Supreme Court's precedent. en-us Tue, 20 Jul 2021 00:00:00 +0530 Wed, 25 Aug 2021 09:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411448 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 11,05,51,000/- as unaccounted on-money payment for the purchase of land. The Tribunal ruled that the proceedings initiated under section 153C of the Income Tax Act were invalid due to lack of incriminating evidence linking the assessee to the alleged payment, in line with the Supreme Court's precedent. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411448