https://www.taxtmi.com/caselaws?id=215237 A survey statement recorded under section 133A, unlike a sworn deposition, does not by itself have sufficient evidentiary value to sustain an income addition when it is later retracted by affidavit. Where no corroborative material showed completed sales or accrual of income, and the receipt was reflected in the books as a liability or advance in an incomplete construction transaction, it remained an advance receipt and not taxable income for that year. The addition was therefore unsustainable and was deleted in favour of the assessee. en-us Fri, 22 Jun 2012 00:00:00 +0530 Sat, 28 Jul 2012 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215237 A survey statement recorded under section 133A, unlike a sworn deposition, does not by itself have sufficient evidentiary value to sustain an income addition when it is later retracted by affidavit. Where no corroborative material showed completed sales or accrual of income, and the receipt was reflected in the books as a liability or advance in an incomplete construction transaction, it remained an advance receipt and not taxable income for that year. The addition was therefore unsustainable and was deleted in favour of the assessee. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215237