https://www.taxtmi.com/caselaws?id=334930 The Tribunal upheld the deletion of unaccounted income addition for A.Y. 2008-09, made solely on partners' statements during a survey, emphasizing the lack of corroborating evidence. The CIT(A)'s decision to delete the addition was supported, noting the retraction was justified due to unconsidered expenses and lack of incriminating evidence. The Tribunal emphasized the necessity of concrete evidence beyond mere statements, leading to the dismissal of the Revenue's appeal on 09-06-2016. en-us Thu, 09 Jun 2016 00:00:00 +0530 Wed, 23 Nov 2016 14:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334930 The Tribunal upheld the deletion of unaccounted income addition for A.Y. 2008-09, made solely on partners' statements during a survey, emphasizing the lack of corroborating evidence. The CIT(A)'s decision to delete the addition was supported, noting the retraction was justified due to unconsidered expenses and lack of incriminating evidence. The Tribunal emphasized the necessity of concrete evidence beyond mere statements, leading to the dismissal of the Revenue's appeal on 09-06-2016. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334930