https://www.taxtmi.com/caselaws?id=277361 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition of Rs. 74,63,557/- to the assessee's income. The Tribunal emphasized the importance of basing assessments on evidence and audited accounts rather than statements from surveys. It upheld that retracted statements without corroborative evidence cannot solely justify income additions. en-us Fri, 23 Feb 2018 00:00:00 +0530 Mon, 03 Dec 2018 08:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277361 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition of Rs. 74,63,557/- to the assessee's income. The Tribunal emphasized the importance of basing assessments on evidence and audited accounts rather than statements from surveys. It upheld that retracted statements without corroborative evidence cannot solely justify income additions. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277361