https://www.taxtmi.com/caselaws?id=270018 The ITAT dismissed the Department's appeal challenging the addition of Rs. 2 crores surrendered by the assessee, emphasizing the necessity of corroborative evidence to support such additions. The ITAT held that the addition, solely based on the surrender retracted by the assessee, lacked incriminating material and proper evidence. It highlighted the importance of following CBDT instructions on confessions of additional income during search operations and reiterated that additions based on surrender require corroborative evidence to be sustained. en-us Wed, 14 Oct 2015 00:00:00 +0530 Sat, 26 Dec 2015 13:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270018 The ITAT dismissed the Department's appeal challenging the addition of Rs. 2 crores surrendered by the assessee, emphasizing the necessity of corroborative evidence to support such additions. The ITAT held that the addition, solely based on the surrender retracted by the assessee, lacked incriminating material and proper evidence. It highlighted the importance of following CBDT instructions on confessions of additional income during search operations and reiterated that additions based on surrender require corroborative evidence to be sustained. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270018