https://www.taxtmi.com/caselaws?id=266738 The Tribunal upheld the CIT(A)'s decision to restrict the addition to Rs. 2 crores, dismissing appeals from both the Revenue and the assessee. The Tribunal emphasized the importance of corroborative evidence to support disclosures under Section 132(4) and validated the assessee's retraction of the initial Rs. 10 crores disclosure due to lack of supporting evidence. The Order pronounced on 16th September 2015 at Ahmedabad dismissed the appeals and allowed the Cross-Objection filed by the assessee for statistical purposes. en-us Wed, 16 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266738 The Tribunal upheld the CIT(A)'s decision to restrict the addition to Rs. 2 crores, dismissing appeals from both the Revenue and the assessee. The Tribunal emphasized the importance of corroborative evidence to support disclosures under Section 132(4) and validated the assessee's retraction of the initial Rs. 10 crores disclosure due to lack of supporting evidence. The Order pronounced on 16th September 2015 at Ahmedabad dismissed the appeals and allowed the Cross-Objection filed by the assessee for statistical purposes. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266738