https://www.taxtmi.com/caselaws?id=298611 The Tribunal dismissed all three appeals by the Revenue, affirming the CIT(A)'s deletion of additions under Section 69 for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal emphasized the lack of corroborative evidence to substantiate the AO's claims of undisclosed investments based on the pen drive data and loose papers. Additionally, the Tribunal considered the CBDT Circular regarding the monetary limit for appeals, leading to the dismissal of the 2010-11 appeal on the grounds of low tax effect. en-us Mon, 01 Jul 2019 00:00:00 +0530 Thu, 11 Nov 2021 19:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298611 The Tribunal dismissed all three appeals by the Revenue, affirming the CIT(A)'s deletion of additions under Section 69 for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal emphasized the lack of corroborative evidence to substantiate the AO's claims of undisclosed investments based on the pen drive data and loose papers. Additionally, the Tribunal considered the CBDT Circular regarding the monetary limit for appeals, leading to the dismissal of the 2010-11 appeal on the grounds of low tax effect. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298611