https://www.taxtmi.com/caselaws?id=178267 The Tribunal overturned the lower authorities' decision to add undisclosed income from discounting of cheques based solely on a statement made during a survey, citing lack of proper evidentiary support. Emphasizing that survey statements hold no evidentiary value for assessments, the Tribunal ruled in favor of the assessees, stressing the significance of proper evidence and adherence to legal procedures in making such additions to undisclosed income. en-us Fri, 16 Jul 2010 00:00:00 +0530 Mon, 01 Feb 2016 13:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178267 The Tribunal overturned the lower authorities' decision to add undisclosed income from discounting of cheques based solely on a statement made during a survey, citing lack of proper evidentiary support. Emphasizing that survey statements hold no evidentiary value for assessments, the Tribunal ruled in favor of the assessees, stressing the significance of proper evidence and adherence to legal procedures in making such additions to undisclosed income. Case-Laws Income Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178267