https://www.taxtmi.com/caselaws?id=181507 The Tribunal partially allowed the appeal, accepting the assessee's argument regarding the Rs. 25,00,000 addition. The Tribunal found the addition unsustainable as it was solely based on a surrender statement without concrete evidence, contrary to CBDT instructions. The Tribunal emphasized the retraction made immediately upon filing the return, highlighting coercion during the survey. The other issues of Rs. 61,743 disallowed car expenses and Rs. 31,903 disallowed telephone expenses were rejected as not pressed by the assessee during the appeal. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 19 Apr 2016 11:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181507 The Tribunal partially allowed the appeal, accepting the assessee's argument regarding the Rs. 25,00,000 addition. The Tribunal found the addition unsustainable as it was solely based on a surrender statement without concrete evidence, contrary to CBDT instructions. The Tribunal emphasized the retraction made immediately upon filing the return, highlighting coercion during the survey. The other issues of Rs. 61,743 disallowed car expenses and Rs. 31,903 disallowed telephone expenses were rejected as not pressed by the assessee during the appeal. Case-Laws Income Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181507