https://www.taxtmi.com/caselaws?id=423758 The Tribunal ruled in favor of the Assessee, setting aside the additions of undisclosed income made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal found the statements relied upon lacked credibility as they were from terminated teachers with malicious intent, and the Assessee was not given an opportunity to challenge them. Emphasizing the Assessee's exoneration from criminal charges and corruption allegations, the Tribunal overturned the lower authorities' decisions, allowing the Assessee's appeals due to the lack of substantiated evidence against him. en-us Fri, 10 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423758 The Tribunal ruled in favor of the Assessee, setting aside the additions of undisclosed income made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal found the statements relied upon lacked credibility as they were from terminated teachers with malicious intent, and the Assessee was not given an opportunity to challenge them. Emphasizing the Assessee's exoneration from criminal charges and corruption allegations, the Tribunal overturned the lower authorities' decisions, allowing the Assessee's appeals due to the lack of substantiated evidence against him. Case-Laws Income Tax Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423758