https://www.taxtmi.com/caselaws?id=309563 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 1.50 crore as unexplained investment. The Tribunal found that the Assessing Officer's conclusion was not supported by concrete evidence, emphasizing that the unsigned Memorandum of Understanding lacked evidentiary value. The appeal was dismissed, and the CIT(A)'s order was affirmed. en-us Mon, 13 Jun 2022 00:00:00 +0530 Mon, 11 Sep 2023 09:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309563 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 1.50 crore as unexplained investment. The Tribunal found that the Assessing Officer's conclusion was not supported by concrete evidence, emphasizing that the unsigned Memorandum of Understanding lacked evidentiary value. The appeal was dismissed, and the CIT(A)'s order was affirmed. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309563