https://www.taxtmi.com/caselaws?id=465800 The dominant issue was whether the AO could sustain additions solely on the basis of income disclosures made in settlement applications before the Settlement Commission after abatement, without any corroborative material. The Tribunal held that s.32L of the Central Excise Act, being pari materia with s.245HA of the Income-tax Act, bars reliance on statements/disclosures made in abated settlement proceedings unless supported by additional information or evidence. As the additions were admittedly unsupported by any independent material and rested only on such disclosures, the AO and CIT(A) orders were reversed and the additions were deleted; the assessees' appeals were allowed. en-us Tue, 25 Apr 2017 00:00:00 +0530 Thu, 08 Jan 2026 17:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465800 The dominant issue was whether the AO could sustain additions solely on the basis of income disclosures made in settlement applications before the Settlement Commission after abatement, without any corroborative material. The Tribunal held that s.32L of the Central Excise Act, being pari materia with s.245HA of the Income-tax Act, bars reliance on statements/disclosures made in abated settlement proceedings unless supported by additional information or evidence. As the additions were admittedly unsupported by any independent material and rested only on such disclosures, the AO and CIT(A) orders were reversed and the additions were deleted; the assessees' appeals were allowed. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465800