https://www.taxtmi.com/caselaws?id=756153 The Tribunal allowed the appeal against quantum addition under Section 68 of the Income Tax Act for statistical purposes, remanding the case back to the Assessing Officer for a fresh assessment due to inadequate verification of evidence. The appeal against the rectification order under Section 154 was dismissed as infructuous, given its dependency on the quantum addition issue. The judgment highlighted the necessity for thorough evidence verification by the Assessing Officer. en-us Fri, 26 Jul 2024 00:00:00 +0530 Mon, 29 Jul 2024 10:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756153 The Tribunal allowed the appeal against quantum addition under Section 68 of the Income Tax Act for statistical purposes, remanding the case back to the Assessing Officer for a fresh assessment due to inadequate verification of evidence. The appeal against the rectification order under Section 154 was dismissed as infructuous, given its dependency on the quantum addition issue. The judgment highlighted the necessity for thorough evidence verification by the Assessing Officer. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756153