https://www.taxtmi.com/caselaws?id=423394 The Tribunal upheld the additions made by the Assessing Officer and sustained by the Commissioner of Income Tax (Appeals), dismissing the appeal filed by the assessee. The Tribunal emphasized the lack of evidence and failure to produce necessary documents and witnesses to substantiate the claims made by the assessee. Penalty proceedings under Section 271(1)(c) were initiated and upheld by the Tribunal as consequential. en-us Fri, 03 Jun 2022 00:00:00 +0530 Mon, 06 Jun 2022 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423394 The Tribunal upheld the additions made by the Assessing Officer and sustained by the Commissioner of Income Tax (Appeals), dismissing the appeal filed by the assessee. The Tribunal emphasized the lack of evidence and failure to produce necessary documents and witnesses to substantiate the claims made by the assessee. Penalty proceedings under Section 271(1)(c) were initiated and upheld by the Tribunal as consequential. Case-Laws Income Tax Fri, 03 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423394