https://www.taxtmi.com/caselaws?id=425177 The ITAT allowed the appeals for assessment years 2013-14 and 2014-15, overturning the additions of interest income made by the Assessing Officer. The ITAT emphasized the lack of corroborative evidence and inadmissibility of statements recorded under section 133A for making additions, setting aside the additions based solely on retracted statements. The decisions underscore the necessity of concrete evidence and procedural compliance in assessment proceedings. en-us Tue, 05 Jul 2022 00:00:00 +0530 Mon, 18 Jul 2022 09:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425177 The ITAT allowed the appeals for assessment years 2013-14 and 2014-15, overturning the additions of interest income made by the Assessing Officer. The ITAT emphasized the lack of corroborative evidence and inadmissibility of statements recorded under section 133A for making additions, setting aside the additions based solely on retracted statements. The decisions underscore the necessity of concrete evidence and procedural compliance in assessment proceedings. Case-Laws Income Tax Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425177