https://www.taxtmi.com/caselaws?id=392143 The High Court dismissed the Tax Appeal, upholding the decisions of the CIT(A) and ITAT. The court found that there was insufficient evidence to support the additions made by the Assessing Officer solely based on a confessional statement, emphasizing the lack of corroborative evidence and independent findings. The Hon'ble ITAT's stance that no addition could be made on the action of a third party was upheld, highlighting the importance of documentary evidence in establishing under-invoicing allegations. The Court affirmed that a mere confessional statement without supporting evidence was inadequate to justify additions in the case. en-us Mon, 03 Feb 2020 00:00:00 +0530 Wed, 04 Mar 2020 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392143 The High Court dismissed the Tax Appeal, upholding the decisions of the CIT(A) and ITAT. The court found that there was insufficient evidence to support the additions made by the Assessing Officer solely based on a confessional statement, emphasizing the lack of corroborative evidence and independent findings. The Hon'ble ITAT's stance that no addition could be made on the action of a third party was upheld, highlighting the importance of documentary evidence in establishing under-invoicing allegations. The Court affirmed that a mere confessional statement without supporting evidence was inadequate to justify additions in the case. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392143