https://www.taxtmi.com/caselaws?id=299439 The Tribunal allowed the assessee's appeal against the CIT (A) Order for Assessment Year 2012-13, deleting additions totaling Rs. 57,09,961. The Tribunal found the AO's failure to specify the section for the additions and the inclusion of opening balances as income to be legally flawed. Additionally, the Tribunal accepted the certificate provided by the spouse's Village Administrative Officer as proof of creditworthiness, leading to the removal of all contested additions. The decision highlighted the necessity of specifying the relevant section for additions and adequately demonstrating the creditor's creditworthiness. en-us Tue, 17 Mar 2020 00:00:00 +0530 Wed, 15 Dec 2021 09:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299439 The Tribunal allowed the assessee's appeal against the CIT (A) Order for Assessment Year 2012-13, deleting additions totaling Rs. 57,09,961. The Tribunal found the AO's failure to specify the section for the additions and the inclusion of opening balances as income to be legally flawed. Additionally, the Tribunal accepted the certificate provided by the spouse's Village Administrative Officer as proof of creditworthiness, leading to the removal of all contested additions. The decision highlighted the necessity of specifying the relevant section for additions and adequately demonstrating the creditor's creditworthiness. Case-Laws Income Tax Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299439