https://www.taxtmi.com/caselaws?id=243875 The Tribunal upheld the deletion of additions of Rs.10 lacs and Rs.15 lacs for the assessment years 2006-07 and 2007-08 under section 68 of the IT Act. The decision was based on the lack of incriminating evidence during the survey, absence of material to substantiate the surrender made by the assessee, and legal precedents supporting the insufficiency of a mere statement during a survey for making additions. The Tribunal dismissed departmental appeals, concluding no error in deleting the additions. en-us Fri, 07 Feb 2014 00:00:00 +0530 Wed, 12 Feb 2014 15:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243875 The Tribunal upheld the deletion of additions of Rs.10 lacs and Rs.15 lacs for the assessment years 2006-07 and 2007-08 under section 68 of the IT Act. The decision was based on the lack of incriminating evidence during the survey, absence of material to substantiate the surrender made by the assessee, and legal precedents supporting the insufficiency of a mere statement during a survey for making additions. The Tribunal dismissed departmental appeals, concluding no error in deleting the additions. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243875