https://www.taxtmi.com/caselaws?id=416171 A survey declaration under section 133A was treated as relevant material, and surrounding facts such as unrecorded cash receipts and cash expenditure on house construction could not be ignored. However, because the survey took place after only part of the previous year had elapsed and there was no incriminating material for the later period beyond the survey statement, the addition was not sustained in full. The Tribunal applied a proportionate and fair estimate by separating the period up to the survey date from the period thereafter, resulting in only partial relief to the assessee. en-us Mon, 06 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416171 A survey declaration under section 133A was treated as relevant material, and surrounding facts such as unrecorded cash receipts and cash expenditure on house construction could not be ignored. However, because the survey took place after only part of the previous year had elapsed and there was no incriminating material for the later period beyond the survey statement, the addition was not sustained in full. The Tribunal applied a proportionate and fair estimate by separating the period up to the survey date from the period thereafter, resulting in only partial relief to the assessee. Case-Laws Income Tax Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416171