High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Unexplained Investment Addition Deleted Due to Lack of Evidence. The court held that the Assessing Officer must provide concrete evidence to support additions under Section 69B of the Income Tax Act, 1961, and that mere suspicion cannot justify additions.
13 Jul 2016The case involves two appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961 against a common order of the Income Tax Appellate T...




