https://www.taxtmi.com/caselaws?id=435041 The Tribunal dismissed the Revenue's appeals for AY 2014-15 and AY 2015-16, upholding the CIT(A)'s decision to delete additions made by the AO under section 69. It emphasized the necessity of incriminating material to support additions under section 153A and criticized the AO for baseless assumptions and reliance on a retracted statement without corroborative evidence. en-us Mon, 20 Feb 2023 00:00:00 +0530 Sat, 11 Mar 2023 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435041 The Tribunal dismissed the Revenue's appeals for AY 2014-15 and AY 2015-16, upholding the CIT(A)'s decision to delete additions made by the AO under section 69. It emphasized the necessity of incriminating material to support additions under section 153A and criticized the AO for baseless assumptions and reliance on a retracted statement without corroborative evidence. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435041