https://www.taxtmi.com/caselaws?id=423842 The Tribunal allowed the appeal, directing the deletion of the Rs. 55,00,000/- addition under Section 69C of the Income Tax Act, as the revenue failed to substantiate the claim with adequate evidence. The decision emphasized the necessity of corroborative evidence for additions based on seized documents, aligning with judicial precedents that discourage reliance on standalone loose papers for such purposes. en-us Tue, 31 May 2022 00:00:00 +0530 Thu, 16 Jun 2022 09:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423842 The Tribunal allowed the appeal, directing the deletion of the Rs. 55,00,000/- addition under Section 69C of the Income Tax Act, as the revenue failed to substantiate the claim with adequate evidence. The decision emphasized the necessity of corroborative evidence for additions based on seized documents, aligning with judicial precedents that discourage reliance on standalone loose papers for such purposes. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423842