https://www.taxtmi.com/caselaws?id=308788 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s order. The ITAT found that the AO's additions were based on presumptions without specific adverse material against the assessee. Relying on documentary evidence and previous case laws, the ITAT concluded that the assessment order was unfounded and upheld the CIT(A)'s decision. en-us Thu, 17 Feb 2022 00:00:00 +0530 Sat, 22 Jul 2023 20:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308788 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s order. The ITAT found that the AO's additions were based on presumptions without specific adverse material against the assessee. Relying on documentary evidence and previous case laws, the ITAT concluded that the assessment order was unfounded and upheld the CIT(A)'s decision. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308788