https://www.taxtmi.com/caselaws?id=268120 The court upheld the orders of the Commissioner, Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling that statements recorded under Section 133-A have no evidentiary value for adding undisclosed income to taxable income. The appellant's argument that the Supreme Court judgment did not apply as the assessee did not retract the statement was rejected. The court found the appellant's denial of the statement before the Commissioner, Income Tax (Appeals) as sufficient. The appeal was dismissed as it did not raise any substantial question of law. en-us Tue, 03 Nov 2015 00:00:00 +0530 Fri, 20 Nov 2015 10:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268120 The court upheld the orders of the Commissioner, Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling that statements recorded under Section 133-A have no evidentiary value for adding undisclosed income to taxable income. The appellant's argument that the Supreme Court judgment did not apply as the assessee did not retract the statement was rejected. The court found the appellant's denial of the statement before the Commissioner, Income Tax (Appeals) as sufficient. The appeal was dismissed as it did not raise any substantial question of law. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268120