https://www.taxtmi.com/caselaws?id=183327 The appellate tribunal partially allowed the appeal, sustaining only Rs. 2,95,000 of the addition and directing the deletion of the remaining balance. The decision emphasized the importance of independent evidence and proper substantiation for additions in income tax assessments, highlighting the limitations of relying solely on statements recorded during surveys. The judgment underscored the necessity of thorough investigations and corroborative evidence before confirming additions as undisclosed income. en-us Fri, 30 May 2014 00:00:00 +0530 Mon, 06 Jun 2016 11:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183327 The appellate tribunal partially allowed the appeal, sustaining only Rs. 2,95,000 of the addition and directing the deletion of the remaining balance. The decision emphasized the importance of independent evidence and proper substantiation for additions in income tax assessments, highlighting the limitations of relying solely on statements recorded during surveys. The judgment underscored the necessity of thorough investigations and corroborative evidence before confirming additions as undisclosed income. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183327