https://www.taxtmi.com/caselaws?id=308727 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 3,53,80,000 made by the Assessing Officer under Section 69 of the Income Tax Act. The Tribunal found that the addition was based on statements without corroborative evidence, no opportunity for cross-examination was provided, and no incriminating material was found during the search proceedings. The appeal of the revenue was dismissed, confirming the deletion of the addition. en-us Fri, 28 Jan 2022 00:00:00 +0530 Sat, 15 Jul 2023 19:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308727 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 3,53,80,000 made by the Assessing Officer under Section 69 of the Income Tax Act. The Tribunal found that the addition was based on statements without corroborative evidence, no opportunity for cross-examination was provided, and no incriminating material was found during the search proceedings. The appeal of the revenue was dismissed, confirming the deletion of the addition. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308727