https://www.taxtmi.com/caselaws?id=435090 The Tribunal ruled in favor of the assessee, finding that the additions made by the Assessing Officer (AO) and partially upheld by the Commissioner of Income Tax (Appeals) were based on assumptions and conjectures without direct evidence. The Tribunal deleted the estimated additions totaling Rs. 23,50,311/- for the sale of flats and commercial space, concluding that such additions were unsustainable under the law. As a result, the appeals for all assessment years (2015-16 to 2017-18) were allowed, with the order pronounced on 03.03.2023. en-us Fri, 03 Mar 2023 00:00:00 +0530 Sat, 11 Mar 2023 08:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435090 The Tribunal ruled in favor of the assessee, finding that the additions made by the Assessing Officer (AO) and partially upheld by the Commissioner of Income Tax (Appeals) were based on assumptions and conjectures without direct evidence. The Tribunal deleted the estimated additions totaling Rs. 23,50,311/- for the sale of flats and commercial space, concluding that such additions were unsustainable under the law. As a result, the appeals for all assessment years (2015-16 to 2017-18) were allowed, with the order pronounced on 03.03.2023. Case-Laws Income Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435090