https://www.taxtmi.com/caselaws?id=413400 The Tribunal dismissed the Revenue's appeals challenging the deletion of additions related to undisclosed receipts of 'on-money' by the Assessing Officer for the assessment years 2010-11 to 2013-14. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, emphasizing the lack of concrete evidence linking the assessee to the alleged transactions. It was noted that the Assessing Officer's reliance on documents from unrelated entities within the Jhaveri Group was unjustified, as no specific evidence implicating the assessee was found. The Tribunal highlighted the importance of conducting thorough investigations and requiring substantive evidence before making such additions, ultimately affirming the deletion of additions for all assessment years. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 11 Oct 2021 08:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413400 The Tribunal dismissed the Revenue's appeals challenging the deletion of additions related to undisclosed receipts of 'on-money' by the Assessing Officer for the assessment years 2010-11 to 2013-14. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, emphasizing the lack of concrete evidence linking the assessee to the alleged transactions. It was noted that the Assessing Officer's reliance on documents from unrelated entities within the Jhaveri Group was unjustified, as no specific evidence implicating the assessee was found. The Tribunal highlighted the importance of conducting thorough investigations and requiring substantive evidence before making such additions, ultimately affirming the deletion of additions for all assessment years. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413400