https://www.taxtmi.com/caselaws?id=434492 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO under Sections 68 and 41(1)(a), emphasizing the lack of evidence to disprove the assessee's claims and the unjustified reliance on third-party statements without cross-examination. Additionally, it supported the view that no additions could be made in non-abated assessment years without incriminating material. The Tribunal agreed with the CIT(A) in rejecting ad-hoc disallowances of expenses and accepting fresh evidence regarding the cessation of liability under Rule 46A. en-us Fri, 17 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434492 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO under Sections 68 and 41(1)(a), emphasizing the lack of evidence to disprove the assessee's claims and the unjustified reliance on third-party statements without cross-examination. Additionally, it supported the view that no additions could be made in non-abated assessment years without incriminating material. The Tribunal agreed with the CIT(A) in rejecting ad-hoc disallowances of expenses and accepting fresh evidence regarding the cessation of liability under Rule 46A. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434492