https://www.taxtmi.com/caselaws?id=390841 The tribunal concluded that the additions made by the AO lacked concrete evidence and were based on assumptions. Retracted statements were deemed unreliable without independent corroboration. Consequently, the tribunal allowed the assessee's appeals, deleting the additions. The Revenue's appeals were dismissed. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 13 Jan 2020 07:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390841 The tribunal concluded that the additions made by the AO lacked concrete evidence and were based on assumptions. Retracted statements were deemed unreliable without independent corroboration. Consequently, the tribunal allowed the assessee's appeals, deleting the additions. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390841