https://www.taxtmi.com/caselaws?id=268626 The Appellate Tribunal upheld the CIT(A)'s decision to sustain an addition of Rs. 26,50,500 in relation to the assessment year 2006-07. The Tribunal found the restriction of the total surrender to Rs. 38 lakh justified based on evidence, and rejected the assessee's attempt to retract admissions regarding cash payments not recorded in books. Affidavits filed by the assessee were deemed lacking evidentiary value and contradictory to survey evidence. The Tribunal dismissed the appeal, affirming the addition of Rs. 26,50,500. en-us Thu, 08 Oct 2015 00:00:00 +0530 Mon, 30 Nov 2015 12:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268626 The Appellate Tribunal upheld the CIT(A)'s decision to sustain an addition of Rs. 26,50,500 in relation to the assessment year 2006-07. The Tribunal found the restriction of the total surrender to Rs. 38 lakh justified based on evidence, and rejected the assessee's attempt to retract admissions regarding cash payments not recorded in books. Affidavits filed by the assessee were deemed lacking evidentiary value and contradictory to survey evidence. The Tribunal dismissed the appeal, affirming the addition of Rs. 26,50,500. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268626