https://www.taxtmi.com/caselaws?id=300471 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the Rs. 15,00,000 addition made by the Assessing Officer, as it was based on fictitious entries created by a Chartered Accountant without the assessee's knowledge. The Tribunal found the entries lacked independent evidence and were not utilized by the assessee, leading to the rejection of the Revenue's appeal and dismissal of the assessee's cross-objection. The judgment affirmed that the addition was not taxable income, resulting in the dismissal of both parties' appeals. en-us Fri, 18 Jun 2010 00:00:00 +0530 Fri, 04 Feb 2022 20:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300471 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the Rs. 15,00,000 addition made by the Assessing Officer, as it was based on fictitious entries created by a Chartered Accountant without the assessee's knowledge. The Tribunal found the entries lacked independent evidence and were not utilized by the assessee, leading to the rejection of the Revenue's appeal and dismissal of the assessee's cross-objection. The judgment affirmed that the addition was not taxable income, resulting in the dismissal of both parties' appeals. Case-Laws Income Tax Fri, 18 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300471