https://www.taxtmi.com/caselaws?id=421515 The Income Tax Appellate Tribunal (ITAT) dismissed the revenue's appeals, upholding the Commissioner of Income Tax (Appeals) [CIT(A)]'s findings. The ITAT ruled that the addition based on seized documents from a third party lacked corroborative evidence and that the determination of annual letting value should align with previous assessments favoring the assessee. The ITAT emphasized the insufficiency of the seized documents to establish cash transactions and the importance of corroborative evidence in such cases, in line with established legal precedents. en-us Fri, 22 Apr 2022 00:00:00 +0530 Wed, 25 Mar 2026 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421515 The Income Tax Appellate Tribunal (ITAT) dismissed the revenue's appeals, upholding the Commissioner of Income Tax (Appeals) [CIT(A)]'s findings. The ITAT ruled that the addition based on seized documents from a third party lacked corroborative evidence and that the determination of annual letting value should align with previous assessments favoring the assessee. The ITAT emphasized the insufficiency of the seized documents to establish cash transactions and the importance of corroborative evidence in such cases, in line with established legal precedents. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421515