ITAT Jodhpur Judgments — December 2018

The Tribunal held that the addition made by the AO was not justified as it was based solely on assumptions and presumptions from rough, unsigned, and undated loose papers. No corroborative evidence or independent verification was brought on record to support the AO's inferences.

The Tribunal held that the addition made by the AO was not justified as it was based solely on assumptions and presumptions from rough, unsigned, and undated loose papers. No corroborative evidence or independent verification was brought on record to support the AO's inferences.