https://www.taxtmi.com/caselaws?id=270737 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO concerning the variance between income disclosed during a survey under section 133A and the income declared in the return for A.Y. 2010-11. The ITAT emphasized the need to consider statutory deductions and liabilities in income assessment, highlighting that the statement obtained during the survey was an estimate and not definitive proof of income. en-us Wed, 21 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270737 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO concerning the variance between income disclosed during a survey under section 133A and the income declared in the return for A.Y. 2010-11. The ITAT emphasized the need to consider statutory deductions and liabilities in income assessment, highlighting that the statement obtained during the survey was an estimate and not definitive proof of income. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270737