Calcutta HC upholds ITAT’s deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct

The Calcutta High Court upheld the ITAT’s decision to delete an income tax addition under Section 69 of the Income Tax Act, citing insufficient direct evidence against the assessee. The ITAT had previously removed the additional tax demand due to a lack of concrete evidence linking the assessee to unaccounted income. The High Court supported this decision, reinforcing the principle that income tax additions cannot be sustained without clear, direct evidence. This judgment emphasizes the importance of robust evidence in tax assessments and the protection of taxpayers from unjustified tax claims.