https://www.taxtmi.com/caselaws?id=197822 The appeal in this case involved challenges to the assessment under section 143(3) of the Income Tax Act, 1961 for the assessment year 2006-07. The issues included the allowance of deduction under section 80-IB(10) of the Act and the deletion of an addition of Rs. 20,00,000 based on a partner's statement during survey proceedings. The CIT(A)'s conclusions were upheld by the Bombay High Court, and the ITAT affirmed the deletion of the addition, emphasizing that additions cannot solely rely on survey statements. en-us Thu, 28 Apr 2011 00:00:00 +0530 Tue, 16 Jan 2018 17:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197822 The appeal in this case involved challenges to the assessment under section 143(3) of the Income Tax Act, 1961 for the assessment year 2006-07. The issues included the allowance of deduction under section 80-IB(10) of the Act and the deletion of an addition of Rs. 20,00,000 based on a partner's statement during survey proceedings. The CIT(A)'s conclusions were upheld by the Bombay High Court, and the ITAT affirmed the deletion of the addition, emphasizing that additions cannot solely rely on survey statements. Case-Laws Income Tax Thu, 28 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197822