https://www.taxtmi.com/caselaws?id=68697 The case involved cross-appeals regarding additions under section 68 of the Income Tax Act for the assessment year 2001-02. The Tribunal ruled in favor of the assessee, highlighting that the surrender made during a survey was retracted and not acted upon by the Revenue, thus disregarding it. The Tribunal found the addition related to disputed cash receipts and transactions unjustified, emphasizing the totality of facts. Additionally, the Tribunal dismissed grounds based on a previous order and deemed remaining grounds concerning interest as consequential, ultimately partly allowing the assessee's appeal and dismissing the Revenue's appeal. en-us Mon, 04 Feb 2008 00:00:00 +0530 Tue, 07 Aug 2012 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68697 The case involved cross-appeals regarding additions under section 68 of the Income Tax Act for the assessment year 2001-02. The Tribunal ruled in favor of the assessee, highlighting that the surrender made during a survey was retracted and not acted upon by the Revenue, thus disregarding it. The Tribunal found the addition related to disputed cash receipts and transactions unjustified, emphasizing the totality of facts. Additionally, the Tribunal dismissed grounds based on a previous order and deemed remaining grounds concerning interest as consequential, ultimately partly allowing the assessee's appeal and dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 04 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68697