https://www.taxtmi.com/caselaws?id=363428 The tribunal upheld the deletion of an addition of Rs. 60 lacs made by the ld. AO, based on a statement recorded during a survey that lacked evidentiary value. The tribunal agreed with the Ld. CIT(A) that the statement was unauthorized, lacked corroboration, and had legal deficiencies. Emphasizing the limited probative value of such statements without supporting evidence, the tribunal dismissed the Revenue's appeal, affirming that the deletion was legally justified and should not be interfered with. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363428 The tribunal upheld the deletion of an addition of Rs. 60 lacs made by the ld. AO, based on a statement recorded during a survey that lacked evidentiary value. The tribunal agreed with the Ld. CIT(A) that the statement was unauthorized, lacked corroboration, and had legal deficiencies. Emphasizing the limited probative value of such statements without supporting evidence, the tribunal dismissed the Revenue's appeal, affirming that the deletion was legally justified and should not be interfered with. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363428