https://www.taxtmi.com/caselaws?id=254047 Statements recorded during survey proceedings may be relied upon, but once retracted they lose standalone evidentiary value and cannot, by themselves, sustain additions. The Assessing Authority must support any proposed addition with independent corroborative material, and the officer who recorded the statement cannot simply reject the retraction as false without proper legal scrutiny. As no independent material was available and the assessments rested only on retracted statements, the additions were set aside. en-us Thu, 06 Nov 2014 00:00:00 +0530 Tue, 12 May 2015 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254047 Statements recorded during survey proceedings may be relied upon, but once retracted they lose standalone evidentiary value and cannot, by themselves, sustain additions. The Assessing Authority must support any proposed addition with independent corroborative material, and the officer who recorded the statement cannot simply reject the retraction as false without proper legal scrutiny. As no independent material was available and the assessments rested only on retracted statements, the additions were set aside. Case-Laws Income Tax Thu, 06 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254047