https://www.taxtmi.com/caselaws?id=300723 The Tribunal upheld the deletion of additions concerning paid-up capital of 117 companies and undisclosed income from credit entries. It overturned additions based on the assessee's statements and mental distress due to lack of evidence and contradictory findings by the AO. The issue of adding Rs. 7,10,00,000/- based on the return filed under mental distress was remanded back to the AO for further examination. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 22 Feb 2022 07:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300723 The Tribunal upheld the deletion of additions concerning paid-up capital of 117 companies and undisclosed income from credit entries. It overturned additions based on the assessee's statements and mental distress due to lack of evidence and contradictory findings by the AO. The issue of adding Rs. 7,10,00,000/- based on the return filed under mental distress was remanded back to the AO for further examination. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300723