https://www.taxtmi.com/caselaws?id=435283 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 2 crores to the assessee's total income. The Tribunal emphasized that the addition based solely on a statement made during a survey, which was later retracted, lacked credible evidence. The Tribunal dismissed the Revenue's appeal, supporting the deletion to prevent double taxation and affirming the CIT (A)'s reasoning. en-us Tue, 14 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 08:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435283 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 2 crores to the assessee's total income. The Tribunal emphasized that the addition based solely on a statement made during a survey, which was later retracted, lacked credible evidence. The Tribunal dismissed the Revenue's appeal, supporting the deletion to prevent double taxation and affirming the CIT (A)'s reasoning. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435283