https://www.taxtmi.com/caselaws?id=415261 The High Court dismissed the appeal regarding the addition of amounts under Section 69A of the Income Tax Act. The Court found that the Assessing Officer lacked justification to invoke Section 69A as there was no evidence linking the respondent to the impounded papers. Additionally, the lack of concrete evidence linking the impounded papers to the respondent, and the Assessing Officer's reliance on assumptions without verifying the nexus, led the Court to uphold the decision of the Commissioner of Income Tax (Appeal) and the ITAT, ultimately dismissing the appeal without costs. en-us Wed, 24 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415261 The High Court dismissed the appeal regarding the addition of amounts under Section 69A of the Income Tax Act. The Court found that the Assessing Officer lacked justification to invoke Section 69A as there was no evidence linking the respondent to the impounded papers. Additionally, the lack of concrete evidence linking the impounded papers to the respondent, and the Assessing Officer's reliance on assumptions without verifying the nexus, led the Court to uphold the decision of the Commissioner of Income Tax (Appeal) and the ITAT, ultimately dismissing the appeal without costs. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415261