https://www.taxtmi.com/caselaws?id=331853 The Tribunal found that the Revenue lacked sufficient corroborative evidence to support the additions made by the Assessing Officer. Statements recorded under Section 132(4) of the Income Tax Act, 1961, without corroborative material, were deemed inconclusive. The Tribunal upheld the deletions and reductions by the Commissioner of Income Tax (Appeals) and dismissed the Revenue's appeals. The High Court affirmed the Tribunal's decision, ruling in favor of the respondent/assessee and dismissing the tax case appeals. en-us Mon, 01 Aug 2016 00:00:00 +0530 Thu, 14 May 2026 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331853 The Tribunal found that the Revenue lacked sufficient corroborative evidence to support the additions made by the Assessing Officer. Statements recorded under Section 132(4) of the Income Tax Act, 1961, without corroborative material, were deemed inconclusive. The Tribunal upheld the deletions and reductions by the Commissioner of Income Tax (Appeals) and dismissed the Revenue's appeals. The High Court affirmed the Tribunal's decision, ruling in favor of the respondent/assessee and dismissing the tax case appeals. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331853