https://www.taxtmi.com/caselaws?id=436829 The Tribunal upheld the CIT(A)'s decisions on various issues, including additions based on incriminating material, unaccounted receipts and payments, unexplained credit entries, and unexplained cash. The appeals of the Revenue and the assessee were dismissed for most assessment years, except for the assessee's appeal for A.Y. 2014-15, which was partly allowed for statistical purposes. The Tribunal emphasized the importance of corroborative evidence in making assessments and highlighted the need for the Revenue to conduct further inquiries once the assessee has provided necessary documents to establish transactions' legitimacy. en-us Wed, 19 Apr 2023 00:00:00 +0530 Thu, 20 Apr 2023 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436829 The Tribunal upheld the CIT(A)'s decisions on various issues, including additions based on incriminating material, unaccounted receipts and payments, unexplained credit entries, and unexplained cash. The appeals of the Revenue and the assessee were dismissed for most assessment years, except for the assessee's appeal for A.Y. 2014-15, which was partly allowed for statistical purposes. The Tribunal emphasized the importance of corroborative evidence in making assessments and highlighted the need for the Revenue to conduct further inquiries once the assessee has provided necessary documents to establish transactions' legitimacy. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436829