https://www.taxtmi.com/caselaws?id=437555 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, directing the deletion of the additions made by the AO. The AO's additions of Rs. 5.71 crores as unexplained income and Rs. 3.40 crores relating to receipt of on money on sale of flats were deemed unjustified due to lack of corroborating evidence and independent inquiry, leading to the deletion of both additions. en-us Thu, 04 May 2023 00:00:00 +0530 Tue, 09 May 2023 08:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437555 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, directing the deletion of the additions made by the AO. The AO's additions of Rs. 5.71 crores as unexplained income and Rs. 3.40 crores relating to receipt of on money on sale of flats were deemed unjustified due to lack of corroborating evidence and independent inquiry, leading to the deletion of both additions. Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437555