https://www.taxtmi.com/caselaws?id=350804 The court allowed the appeal, ruling in favor of the assessee on both issues. It held that the addition of Rs. 2,70,248/- as undisclosed income was erroneous due to the retracted statement and lack of corroborative evidence. Similarly, the addition of Rs. 77,298/- under Section 145(3) was also found to be incorrect, as the provisions of Section 44AF were ignored. The court emphasized the need for credible evidence and proper consideration of the retraction and supporting documents. en-us Tue, 29 Aug 2017 00:00:00 +0530 Mon, 13 Nov 2017 11:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350804 The court allowed the appeal, ruling in favor of the assessee on both issues. It held that the addition of Rs. 2,70,248/- as undisclosed income was erroneous due to the retracted statement and lack of corroborative evidence. Similarly, the addition of Rs. 77,298/- under Section 145(3) was also found to be incorrect, as the provisions of Section 44AF were ignored. The court emphasized the need for credible evidence and proper consideration of the retraction and supporting documents. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350804