https://www.taxtmi.com/caselaws?id=233716 The Tribunal upheld the orders passed under section 143(3) of the IT Act, confirming the income estimation based on a statement recorded during survey proceedings. It deemed the statement admissible for assessment purposes, rejecting the inflated expenditure claims recorded in the books of accounts. The Tribunal emphasized the importance of material collected during the survey, dismissing the appeal and confirming the AO's income estimation. en-us Fri, 05 Apr 2013 00:00:00 +0530 Mon, 13 May 2013 12:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233716 The Tribunal upheld the orders passed under section 143(3) of the IT Act, confirming the income estimation based on a statement recorded during survey proceedings. It deemed the statement admissible for assessment purposes, rejecting the inflated expenditure claims recorded in the books of accounts. The Tribunal emphasized the importance of material collected during the survey, dismissing the appeal and confirming the AO's income estimation. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233716