https://www.taxtmi.com/caselaws?id=295996 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 for the Assessment Years 2007-08 and 2008-09. It found that the duplicate sets of accounts were unreliable evidence of unaccounted income, manipulated by a financial consultant for loan purposes. The Tribunal emphasized that retracted statements during the survey lacked evidentiary value without corroboration. Consequently, the Revenue's appeals were dismissed. en-us Tue, 04 Apr 2017 00:00:00 +0530 Wed, 30 Jun 2021 08:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295996 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 for the Assessment Years 2007-08 and 2008-09. It found that the duplicate sets of accounts were unreliable evidence of unaccounted income, manipulated by a financial consultant for loan purposes. The Tribunal emphasized that retracted statements during the survey lacked evidentiary value without corroboration. Consequently, the Revenue's appeals were dismissed. Case-Laws Income Tax Tue, 04 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295996