https://www.taxtmi.com/caselaws?id=758261 ITAT Jaipur held that survey statements under Section 133A cannot be solely relied upon for additions without corroborating evidence. The assessee successfully explained impounded documents, leading to deletion of additions made by AO. Court confirmed that no addition can be made based solely on statements, even with alleged admissions. Addition based on registered sale deed was deleted as payment was recorded in Balance Sheet. Addition for cash payments was deleted as it pertained to different assessment year. Section 115BBE was quashed as no undisclosed income source was established. However, addition under Section 69C for unexplained agriculture expenses was upheld based on CIT(A)'s detailed findings. en-us Mon, 05 Aug 2024 00:00:00 +0530 Mon, 09 Sep 2024 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758261 ITAT Jaipur held that survey statements under Section 133A cannot be solely relied upon for additions without corroborating evidence. The assessee successfully explained impounded documents, leading to deletion of additions made by AO. Court confirmed that no addition can be made based solely on statements, even with alleged admissions. Addition based on registered sale deed was deleted as payment was recorded in Balance Sheet. Addition for cash payments was deleted as it pertained to different assessment year. Section 115BBE was quashed as no undisclosed income source was established. However, addition under Section 69C for unexplained agriculture expenses was upheld based on CIT(A)'s detailed findings. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758261