https://www.taxtmi.com/caselaws?id=778138 ITAT (Chennai) held that statements recorded under s.133A lack requisite evidentiary value and cannot alone support determination of undisclosed income. The AO made additions for excess stock and cash and relied on survey admissions without corroborative evidence or specific defects in books; the FAA erred in confirming those additions. The Tribunal deleted the impugned additions, set aside the lower orders, and allowed all grounds of appeal raised by the assessee. en-us Wed, 15 Jan 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778138 ITAT (Chennai) held that statements recorded under s.133A lack requisite evidentiary value and cannot alone support determination of undisclosed income. The AO made additions for excess stock and cash and relied on survey admissions without corroborative evidence or specific defects in books; the FAA erred in confirming those additions. The Tribunal deleted the impugned additions, set aside the lower orders, and allowed all grounds of appeal raised by the assessee. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778138