https://www.taxtmi.com/caselaws?id=287054 The appeal in ITSS 02/Chandi/2007 was allowed, and the appeal in ITA No. 109/Chandi/2007 was partly allowed. The Tribunal emphasized the importance of corroborative evidence found as a result of search for making additions under Chapter XIV-B of the Act. The addition of Rs. 8,10,000 as undisclosed income was deleted due to lack of material evidence supporting it. The Tribunal also ruled that the issuance of notice u/s 158BD was illegal as it was solely based on statements without any corroborative evidence from the search. en-us Fri, 28 Nov 2008 00:00:00 +0530 Thu, 26 Mar 2020 16:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287054 The appeal in ITSS 02/Chandi/2007 was allowed, and the appeal in ITA No. 109/Chandi/2007 was partly allowed. The Tribunal emphasized the importance of corroborative evidence found as a result of search for making additions under Chapter XIV-B of the Act. The addition of Rs. 8,10,000 as undisclosed income was deleted due to lack of material evidence supporting it. The Tribunal also ruled that the issuance of notice u/s 158BD was illegal as it was solely based on statements without any corroborative evidence from the search. Case-Laws Income Tax Fri, 28 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287054