https://www.taxtmi.com/caselaws?id=188770 The Tribunal upheld the CIT(A)'s decisions on all contested issues, dismissing both appeals. The primary focus was on the addition of Rs. 20 lacs (and Rs. 16 lacs in the second appeal) based on retracted surrender, which was upheld due to lack of evidence supporting the retraction. Other issues raised by the assessee were not pursued during the hearing and were consequently dismissed. en-us Wed, 17 Sep 2014 00:00:00 +0530 Fri, 16 Dec 2016 10:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188770 The Tribunal upheld the CIT(A)'s decisions on all contested issues, dismissing both appeals. The primary focus was on the addition of Rs. 20 lacs (and Rs. 16 lacs in the second appeal) based on retracted surrender, which was upheld due to lack of evidence supporting the retraction. Other issues raised by the assessee were not pursued during the hearing and were consequently dismissed. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188770