https://www.taxtmi.com/caselaws?id=78456 HC held that additions under the Income-tax Act based solely on statements recorded during a survey u/s 133A are unsustainable where the assessee subsequently explains alleged discrepancies with corroborative records. In this case, the assessee reconciled the stock discrepancy by producing relevant documents, including the excise register of an associate company. The HC ruled that the Assessing Officer could not rely only on the survey statement to make additions, and such additions, unsupported by independent evidence, were liable to be deleted. en-us Mon, 04 Oct 2010 00:00:00 +0530 Thu, 20 Nov 2025 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78456 HC held that additions under the Income-tax Act based solely on statements recorded during a survey u/s 133A are unsustainable where the assessee subsequently explains alleged discrepancies with corroborative records. In this case, the assessee reconciled the stock discrepancy by producing relevant documents, including the excise register of an associate company. The HC ruled that the Assessing Officer could not rely only on the survey statement to make additions, and such additions, unsupported by independent evidence, were liable to be deleted. Case-Laws Income Tax Mon, 04 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78456