https://www.taxtmi.com/caselaws?id=335014 The Tribunal partly allowed the appeals for both A.Y. 2005-06 and A.Y. 2006-07 by deleting the additions based on statements made during the search and reducing the estimation of household expenses. The penalties imposed under Section 271(1)(c) were also deleted. The Tribunal emphasized the importance of corroborating statements with incriminating evidence found during the search and ruled that statements recorded post-search are not admissible as evidence under Section 132(4). en-us Mon, 01 Aug 2016 00:00:00 +0530 Sat, 19 Nov 2016 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335014 The Tribunal partly allowed the appeals for both A.Y. 2005-06 and A.Y. 2006-07 by deleting the additions based on statements made during the search and reducing the estimation of household expenses. The penalties imposed under Section 271(1)(c) were also deleted. The Tribunal emphasized the importance of corroborating statements with incriminating evidence found during the search and ruled that statements recorded post-search are not admissible as evidence under Section 132(4). Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335014