https://www.taxtmi.com/caselaws?id=423142 The Tribunal allowed all the appeals, deleting additions made by the AO and confirmed by the CIT(A). It emphasized the importance of corroborative evidence and the need for clear incriminating material to justify additions based on statements recorded during searches. The Tribunal found the additions unwarranted due to lack of supporting evidence and explanations provided by the assessee, ultimately ruling in favor of the assessee and emphasizing the importance of thorough examination of facts and relevant legal precedents. en-us Wed, 06 Apr 2022 00:00:00 +0530 Mon, 30 May 2022 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423142 The Tribunal allowed all the appeals, deleting additions made by the AO and confirmed by the CIT(A). It emphasized the importance of corroborative evidence and the need for clear incriminating material to justify additions based on statements recorded during searches. The Tribunal found the additions unwarranted due to lack of supporting evidence and explanations provided by the assessee, ultimately ruling in favor of the assessee and emphasizing the importance of thorough examination of facts and relevant legal precedents. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423142