https://www.taxtmi.com/caselaws?id=301559 The ITAT allowed the appeals of the assessee in two cases involving additions of Rs. 20 lakhs and Rs. 30 lakhs made under sections 132 and 132(4) of the Income Tax Act. The additions were based on statements made during searches that were later retracted. The ITAT found the surrenders were made under pressure and lacked evidence, directing the AO to delete the additions due to insufficient connection to undisclosed income. The lower authorities' orders were reversed, ruling in favor of the assessee in both cases. en-us Wed, 13 May 2020 00:00:00 +0530 Fri, 08 Apr 2022 21:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301559 The ITAT allowed the appeals of the assessee in two cases involving additions of Rs. 20 lakhs and Rs. 30 lakhs made under sections 132 and 132(4) of the Income Tax Act. The additions were based on statements made during searches that were later retracted. The ITAT found the surrenders were made under pressure and lacked evidence, directing the AO to delete the additions due to insufficient connection to undisclosed income. The lower authorities' orders were reversed, ruling in favor of the assessee in both cases. Case-Laws Income Tax Wed, 13 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301559