https://www.taxtmi.com/caselaws?id=335290 A conditional and vague disclosure made during search proceedings could not, by itself, be taxed as income when no specific incriminating seized material linked it to the amount disclosed. The Tribunal followed its coordinate bench decision on identical facts and applied the CBDT instruction cautioning against reliance on confessional statements alone in search cases. As the addition rested only on the disclosure and lacked corroborative evidence, it was held unsustainable. The Assessing Officer was directed to refund the tax paid on the disputed disclosure. en-us Mon, 17 Oct 2016 00:00:00 +0530 Mon, 28 Nov 2016 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335290 A conditional and vague disclosure made during search proceedings could not, by itself, be taxed as income when no specific incriminating seized material linked it to the amount disclosed. The Tribunal followed its coordinate bench decision on identical facts and applied the CBDT instruction cautioning against reliance on confessional statements alone in search cases. As the addition rested only on the disclosure and lacked corroborative evidence, it was held unsustainable. The Assessing Officer was directed to refund the tax paid on the disputed disclosure. Case-Laws Income Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335290