https://www.taxtmi.com/caselaws?id=59427 The ITAT remanded the issue of addition of Rs. 8 lacs under section 68 of the Income Tax Act to the AO for fresh consideration, allowing the assessee to present evidence. The ITAT ruled in favor of the assessee on the second issue, deleting the addition of Rs. 30 lacs on account of unrecorded receipts due to lack of concrete evidence and emphasizing the importance of corroborative evidence in tax matters. en-us Mon, 01 Sep 2003 00:00:00 +0530 Mon, 18 Jun 2012 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59427 The ITAT remanded the issue of addition of Rs. 8 lacs under section 68 of the Income Tax Act to the AO for fresh consideration, allowing the assessee to present evidence. The ITAT ruled in favor of the assessee on the second issue, deleting the addition of Rs. 30 lacs on account of unrecorded receipts due to lack of concrete evidence and emphasizing the importance of corroborative evidence in tax matters. Case-Laws Income Tax Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59427