https://www.taxtmi.com/caselaws?id=416440 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO on account of interest received by the assessee. The ITAT emphasized the importance of relying on primary evidence and proper verification of documents, ruling that the AO's assumptions based on an unverifiable document were unjustified. The ITAT dismissed the Revenue's appeals, finding no reason to interfere with the deletion of the addition. The decision was applied to subsequent assessment years, resulting in the dismissal of all appeals. en-us Mon, 20 Dec 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416440 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO on account of interest received by the assessee. The ITAT emphasized the importance of relying on primary evidence and proper verification of documents, ruling that the AO's assumptions based on an unverifiable document were unjustified. The ITAT dismissed the Revenue's appeals, finding no reason to interfere with the deletion of the addition. The decision was applied to subsequent assessment years, resulting in the dismissal of all appeals. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416440