https://www.taxtmi.com/caselaws?id=290341 The court upheld the Tribunal's decisions on all issues, ruling in favor of the revenue and against the appellant. The additions to income for 'Mehta Sukhadi', inflation of labor charges, and wrong billing were deemed justified based on the reliance on original statements made under Section 132(4) of the Income Tax Act. The court emphasized that the burden of proof lies on the deponent to establish the inaccuracy of a retracted statement. Ultimately, the appeal was dismissed, affirming the Tribunal's reliance on the original statements and supporting the revenue's position. en-us Thu, 07 Jul 2016 00:00:00 +0530 Sun, 20 Sep 2020 16:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290341 The court upheld the Tribunal's decisions on all issues, ruling in favor of the revenue and against the appellant. The additions to income for 'Mehta Sukhadi', inflation of labor charges, and wrong billing were deemed justified based on the reliance on original statements made under Section 132(4) of the Income Tax Act. The court emphasized that the burden of proof lies on the deponent to establish the inaccuracy of a retracted statement. Ultimately, the appeal was dismissed, affirming the Tribunal's reliance on the original statements and supporting the revenue's position. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290341