https://www.taxtmi.com/caselaws?id=350581 The High Court upheld the ITAT judgment in a tax appeal where the Revenue challenged additions based on partner statements and subsequent retractions by the assessee. The Court affirmed that additions cannot solely rely on retracted statements without proper justification and recognized the validity of retractions made after a significant period. The appeal was dismissed, with the Court finding no error in the Tribunal's decisions. en-us Mon, 19 Jun 2017 00:00:00 +0530 Wed, 08 Nov 2017 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350581 The High Court upheld the ITAT judgment in a tax appeal where the Revenue challenged additions based on partner statements and subsequent retractions by the assessee. The Court affirmed that additions cannot solely rely on retracted statements without proper justification and recognized the validity of retractions made after a significant period. The appeal was dismissed, with the Court finding no error in the Tribunal's decisions. Case-Laws Income Tax Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350581