https://www.taxtmi.com/caselaws?id=428692 The Tribunal allowed the appeal of the assessee, overturning the addition of alleged cash consideration made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal found that the statement relied upon lacked corroboration and evidentiary support, emphasizing the importance of documentary evidence to substantiate such additions under the Income Tax Act. en-us Tue, 10 May 2022 00:00:00 +0530 Sat, 08 Oct 2022 07:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428692 The Tribunal allowed the appeal of the assessee, overturning the addition of alleged cash consideration made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal found that the statement relied upon lacked corroboration and evidentiary support, emphasizing the importance of documentary evidence to substantiate such additions under the Income Tax Act. Case-Laws Income Tax Tue, 10 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428692