https://www.taxtmi.com/caselaws?id=241905 The Tribunal allowed the appeals in favor of the appellants, emphasizing the bonafide nature of their claims regarding the application of surrendered income. The Tribunal found no contrary evidence to support the additions made by the AO, directing the deletion of the disputed amounts from the assessment. The appellants successfully contested the validity of the CIT(A) order, challenging the additions of disclosed amounts as income, endorsement of AO findings, lack of material supporting additions, and the retraction of statements during survey proceedings. en-us Wed, 01 Jan 2014 00:00:00 +0530 Fri, 03 Jan 2014 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241905 The Tribunal allowed the appeals in favor of the appellants, emphasizing the bonafide nature of their claims regarding the application of surrendered income. The Tribunal found no contrary evidence to support the additions made by the AO, directing the deletion of the disputed amounts from the assessment. The appellants successfully contested the validity of the CIT(A) order, challenging the additions of disclosed amounts as income, endorsement of AO findings, lack of material supporting additions, and the retraction of statements during survey proceedings. Case-Laws Income Tax Wed, 01 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241905