https://www.taxtmi.com/caselaws?id=436502 The Tribunal dismissed all appeals by the revenue and allowed the appeals by the assessees. The additions based on an unsigned draft agreement to sell, unexplained investments, unexplained expenditure on construction, and cash deposits were all quashed due to lack of evidential value and risk of double taxation. The Tribunal upheld the CIT(A)'s decisions, emphasizing proper consideration of facts and evidence, leading to the deletion of the additions. en-us Tue, 11 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436502 The Tribunal dismissed all appeals by the revenue and allowed the appeals by the assessees. The additions based on an unsigned draft agreement to sell, unexplained investments, unexplained expenditure on construction, and cash deposits were all quashed due to lack of evidential value and risk of double taxation. The Tribunal upheld the CIT(A)'s decisions, emphasizing proper consideration of facts and evidence, leading to the deletion of the additions. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436502