https://www.taxtmi.com/caselaws?id=332801 The Tribunal dismissed the Revenue's appeals and allowed the main assessee's appeal. It directed the deletion of additional income declared under coercion, ordering a refund of taxes paid on such income. The Tribunal emphasized the necessity of corroborative evidence to support additions based on presumptions and statements made during surveys, stressing that tax assessments should rely on substantive evidence. The Tribunal found that the additions made by the Assessing Officer lacked justification as they were not supported by corroborative evidence linking the seized documents to the assessee. en-us Fri, 24 Jun 2016 00:00:00 +0530 Tue, 27 Sep 2016 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332801 The Tribunal dismissed the Revenue's appeals and allowed the main assessee's appeal. It directed the deletion of additional income declared under coercion, ordering a refund of taxes paid on such income. The Tribunal emphasized the necessity of corroborative evidence to support additions based on presumptions and statements made during surveys, stressing that tax assessments should rely on substantive evidence. The Tribunal found that the additions made by the Assessing Officer lacked justification as they were not supported by corroborative evidence linking the seized documents to the assessee. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332801