https://www.taxtmi.com/caselaws?id=409169 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decision to delete the addition of Rs. 2,00,00,000 to the assessee's income for AY 2013-14. It was found that the addition based on statements made under coercion during survey proceedings lacked evidentiary value and supporting evidence, contravening CBDT circulars. The Tribunal emphasized the necessity of corroborative evidence for income additions and ruled in favor of the assessee due to the absence of incriminating material or discrepancies in the records. en-us Fri, 25 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409169 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decision to delete the addition of Rs. 2,00,00,000 to the assessee's income for AY 2013-14. It was found that the addition based on statements made under coercion during survey proceedings lacked evidentiary value and supporting evidence, contravening CBDT circulars. The Tribunal emphasized the necessity of corroborative evidence for income additions and ruled in favor of the assessee due to the absence of incriminating material or discrepancies in the records. Case-Laws Income Tax Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409169