https://www.taxtmi.com/caselaws?id=327280 The Tribunal held that the addition of Rs. 1.25 crores based solely on the statement recorded under Section 133A of the Income Tax Act was not sustainable. Relying on judicial precedents and a CBDT instruction, the Tribunal emphasized that survey statements lack evidentiary value without corroborative evidence. The addition was deleted, and the appeal of the assessee was allowed. en-us Thu, 28 Apr 2016 00:00:00 +0530 Sat, 07 May 2016 11:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327280 The Tribunal held that the addition of Rs. 1.25 crores based solely on the statement recorded under Section 133A of the Income Tax Act was not sustainable. Relying on judicial precedents and a CBDT instruction, the Tribunal emphasized that survey statements lack evidentiary value without corroborative evidence. The addition was deleted, and the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327280