https://www.taxtmi.com/caselaws?id=371341 The Tribunal held that additions cannot be made solely based on statements recorded during survey proceedings without corroborative evidence. The Tribunal directed the Assessing Officer to limit the addition to the variance in gross profit declared by the assessee compared to earlier years' average gross profit rate. The assessee's appeals were partially allowed, and adjustments were instructed according to the Tribunal's decision. en-us Wed, 14 Nov 2018 00:00:00 +0530 Mon, 03 Dec 2018 09:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371341 The Tribunal held that additions cannot be made solely based on statements recorded during survey proceedings without corroborative evidence. The Tribunal directed the Assessing Officer to limit the addition to the variance in gross profit declared by the assessee compared to earlier years' average gross profit rate. The assessee's appeals were partially allowed, and adjustments were instructed according to the Tribunal's decision. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371341