https://www.taxtmi.com/caselaws?id=422679 The Tribunal allowed the assessee's appeals, holding that the additions made by the Assessing Officer were unsustainable. The Tribunal found that the additions based on retracted statements, unexplained cash, and jewelry lacked corroborative evidence and violated procedural norms. Emphasizing the significance of credible evidence and adherence to CBDT guidelines, the Tribunal ruled in favor of the assessee, directing the deletion of the disputed additions. en-us Fri, 29 Apr 2022 00:00:00 +0530 Fri, 20 May 2022 09:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422679 The Tribunal allowed the assessee's appeals, holding that the additions made by the Assessing Officer were unsustainable. The Tribunal found that the additions based on retracted statements, unexplained cash, and jewelry lacked corroborative evidence and violated procedural norms. Emphasizing the significance of credible evidence and adherence to CBDT guidelines, the Tribunal ruled in favor of the assessee, directing the deletion of the disputed additions. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422679