https://www.taxtmi.com/highlights?id=76851 Addition in assessment u/s 153C - Addition u/s 69 - addition on basis of loose papers on which name of the appellant was mentioned along with some other parties - The Assessee contested the addition, arguing that the documents lacked authenticity and were not maintained in the ordinary course of business. The Appellate Tribunal, after thorough review, upheld the Assessee's contention and dismissed the addition, citing lack of corroborative evidence and failure to conduct necessary enquiries. Thus, the Tribunal ruled in favor of the Assessee, allowing the appeal. en-us Wed, 24 Apr 2024 17:32:04 +0530 Wed, 24 Apr 2024 17:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76851 Addition in assessment u/s 153C - Addition u/s 69 - addition on basis of loose papers on which name of the appellant was mentioned along with some other parties - The Assessee contested the addition, arguing that the documents lacked authenticity and were not maintained in the ordinary course of business. The Appellate Tribunal, after thorough review, upheld the Assessee's contention and dismissed the addition, citing lack of corroborative evidence and failure to conduct necessary enquiries. Thus, the Tribunal ruled in favor of the Assessee, allowing the appeal. Highlights Income Tax Wed, 24 Apr 2024 17:32:04 +0530 https://www.taxtmi.com/highlights?id=76851