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| The Tax Publishers2021 TaxPub(DT) 2528 (Del-Trib) INCOME TAX ACT, 1961
Section 68
Where in respect of deleting the addition made on account of undisclosed income, CIT(A) had analyzed each and every aspect of the allegations, called for reports, gone through the contents of the information received, the evidences before the revenue, the explanation of assessee and the remand reports and then came to a conclusion that there was no liabilities on the part of the assessee and the revenue could not bring about any cogent material to prove the allegations, no interference could be made in the order of CIT(A).
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Income from undisclosed sources - Addition under section 68 - Undisclosed income - No cogent material to prove allegations
Revenue was in appeal against the order of CIT(A) deleting the addition made on account of undisclosed income and failure to appreciate the fact that the addition was made on the basis of the documentary evidence. Held: CIT(A) had analyzed each and every aspect of the allegations made by AO, called for reports, gone through the contents of the information received, the evidences before the revenue, the explanation of assessee and the remand reports and then came to a conclusion that there was no liabilities on the part of the assessee and the revenue could not bring about any cogent material to prove the allegations. Hence, no interference could be made in the order of CIT(A).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09
INCOME TAX ACT, 1961
Section 68
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