https://www.taxtmi.com/caselaws?id=284051 The Tribunal dismissed Revenue's appeals for the assessment years 2005-06 to 2009-10 due to the absence of incriminating material found during the search. For the assessment years 2010-11 and 2011-12, the Tribunal upheld the CIT(A)'s decision to delete additions, as the AO's conclusions relied on retracted statements without corroborative evidence. The Tribunal stressed the necessity of corroborative evidence when considering statements obtained during search and survey operations. en-us Wed, 23 Aug 2017 00:00:00 +0530 Thu, 24 Oct 2019 18:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284051 The Tribunal dismissed Revenue's appeals for the assessment years 2005-06 to 2009-10 due to the absence of incriminating material found during the search. For the assessment years 2010-11 and 2011-12, the Tribunal upheld the CIT(A)'s decision to delete additions, as the AO's conclusions relied on retracted statements without corroborative evidence. The Tribunal stressed the necessity of corroborative evidence when considering statements obtained during search and survey operations. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284051