https://www.taxtmi.com/caselaws?id=430357 Concurrent factual findings supported deletion of an addition based on the difference between bank credits and receipts recorded in the books of account, because the assessee furnished documentary explanation and the Assessing Officer had proceeded on suspicion without proper verification. The CIT(A) held the addition unsustainable, and the ITAT agreed that the Revenue had not controverted those findings and no further evidence issue survived. The High Court declined interference, holding that appellate review is confined to substantial questions of law and does not permit mere reappreciation of evidence where the lower authorities have reached concurrent findings on the record. en-us Thu, 10 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430357 Concurrent factual findings supported deletion of an addition based on the difference between bank credits and receipts recorded in the books of account, because the assessee furnished documentary explanation and the Assessing Officer had proceeded on suspicion without proper verification. The CIT(A) held the addition unsustainable, and the ITAT agreed that the Revenue had not controverted those findings and no further evidence issue survived. The High Court declined interference, holding that appellate review is confined to substantial questions of law and does not permit mere reappreciation of evidence where the lower authorities have reached concurrent findings on the record. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430357