https://www.taxtmi.com/caselaws?id=381575 The tribunal partly allowed the assessee's appeal, dismissing the challenge to the validity of the summons issued under Section 131. However, the tribunal accepted the grounds related to the retraction of the statement and the addition of Rs. 2,09,44,333, holding that the revenue authorities should have accepted the retraction statement and deleted the addition based on the evidence provided. The tribunal deemed the partial relief for defective stock as academic and dismissed it. en-us Thu, 11 Apr 2019 00:00:00 +0530 Thu, 13 Jun 2019 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381575 The tribunal partly allowed the assessee's appeal, dismissing the challenge to the validity of the summons issued under Section 131. However, the tribunal accepted the grounds related to the retraction of the statement and the addition of Rs. 2,09,44,333, holding that the revenue authorities should have accepted the retraction statement and deleted the addition based on the evidence provided. The tribunal deemed the partial relief for defective stock as academic and dismissed it. Case-Laws Income Tax Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381575