https://www.taxtmi.com/caselaws?id=417013 The Tribunal upheld the CIT(A)'s decision to delete the additions of unaccounted capital and interest in the assessee's hands. It emphasized that the cloud data transactions were already taxed in the hands of MBDL, and the Revenue's challenge to the ITSC's order did not justify making the additions in the assessee's hands. The principle of consistency and the lack of corroborative evidence linking the cloud data entries to the assessee were crucial in the Tribunal's decision. en-us Mon, 03 Jan 2022 00:00:00 +0530 Thu, 13 Jan 2022 09:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417013 The Tribunal upheld the CIT(A)'s decision to delete the additions of unaccounted capital and interest in the assessee's hands. It emphasized that the cloud data transactions were already taxed in the hands of MBDL, and the Revenue's challenge to the ITSC's order did not justify making the additions in the assessee's hands. The principle of consistency and the lack of corroborative evidence linking the cloud data entries to the assessee were crucial in the Tribunal's decision. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417013