https://www.taxtmi.com/caselaws?id=767328 The Tribunal determined that the addition of Rs. 1,33,37,120/- under Section 69 of the Income Tax Act was unwarranted due to the absence of incriminating documents from the assessee's premises. It emphasized that statements made under duress and later retracted cannot be the sole basis for such additions without corroborative evidence. Consequently, the Tribunal set aside the lower authority's order and directed the AO to delete the impugned addition. This decision reinforces the principle that additions under Section 153A must be supported by direct evidence from the assessee's premises. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767328 The Tribunal determined that the addition of Rs. 1,33,37,120/- under Section 69 of the Income Tax Act was unwarranted due to the absence of incriminating documents from the assessee's premises. It emphasized that statements made under duress and later retracted cannot be the sole basis for such additions without corroborative evidence. Consequently, the Tribunal set aside the lower authority's order and directed the AO to delete the impugned addition. This decision reinforces the principle that additions under Section 153A must be supported by direct evidence from the assessee's premises. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767328