https://www.taxtmi.com/caselaws?id=247080 The Tribunal partially allowed the appeal in the case, restricting the addition of undisclosed income to the shortfall between the amount admitted during the survey and the income declared in the return. It emphasized the necessity of concrete evidence to support such additions, stating that survey statements alone do not suffice. The decision underscores the importance of immediate retractions if statements are made under duress and highlights the significance of substantiated evidence in tax assessments. en-us Thu, 24 Apr 2014 00:00:00 +0530 Thu, 01 May 2014 08:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247080 The Tribunal partially allowed the appeal in the case, restricting the addition of undisclosed income to the shortfall between the amount admitted during the survey and the income declared in the return. It emphasized the necessity of concrete evidence to support such additions, stating that survey statements alone do not suffice. The decision underscores the importance of immediate retractions if statements are made under duress and highlights the significance of substantiated evidence in tax assessments. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247080