https://www.taxtmi.com/caselaws?id=782762 HC held that authorities under s.131 possess powers akin to a civil court, including administering oath, and rejected ITAT's view that statements under s.131 lack evidentiary value as a proposition of law. Nonetheless, since ITAT had reappreciated the evidence and found no independent incriminating material to sustain additions under ss.68 and 56(2)(viib), the HC upheld deletion of these additions, finding no perversity. The remand to AO on lease rent paid to the director under s.40A(2) was affirmed as raising no substantial question of law. However, regarding disallowances under ss.36(1)(iii) and 36(1)(va), the HC held ITAT's remand order unsustainable, set it aside, and directed ITAT to re-examine the issue on the existing record in accordance with law. en-us Fri, 28 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782762 HC held that authorities under s.131 possess powers akin to a civil court, including administering oath, and rejected ITAT's view that statements under s.131 lack evidentiary value as a proposition of law. Nonetheless, since ITAT had reappreciated the evidence and found no independent incriminating material to sustain additions under ss.68 and 56(2)(viib), the HC upheld deletion of these additions, finding no perversity. The remand to AO on lease rent paid to the director under s.40A(2) was affirmed as raising no substantial question of law. However, regarding disallowances under ss.36(1)(iii) and 36(1)(va), the HC held ITAT's remand order unsustainable, set it aside, and directed ITAT to re-examine the issue on the existing record in accordance with law. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782762