https://www.taxtmi.com/caselaws?id=431751 The Tribunal dismissed the Revenue's appeals for all assessment years (2013-14 to 2016-17), upholding the CIT(A)'s decision to delete additions made by the AO. The Tribunal emphasized the necessity of specific evidence to support allegations of bogus transactions, rejecting reliance on general modus operandi and human probabilities without concrete proof. Reference was made to the Delhi HC judgment in Pr. CIT vs. Smt. Krishna Devi, highlighting the significance of evidence over suspicion in tax matters. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 20 Dec 2022 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431751 The Tribunal dismissed the Revenue's appeals for all assessment years (2013-14 to 2016-17), upholding the CIT(A)'s decision to delete additions made by the AO. The Tribunal emphasized the necessity of specific evidence to support allegations of bogus transactions, rejecting reliance on general modus operandi and human probabilities without concrete proof. Reference was made to the Delhi HC judgment in Pr. CIT vs. Smt. Krishna Devi, highlighting the significance of evidence over suspicion in tax matters. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431751