https://www.taxtmi.com/caselaws?id=785114 Addition under 40A(2)(b) challenged on basis of a purported statement made during search; the reproduced statement was misattributed and therefore could not form a valid basis for disallowance, and the principle that admissions in search statements require independent corroboration before supporting an assessment was reiterated, rendering such statements alone insufficient to compute undisclosed income. Further, inclusion of the directors remuneration in the recipients return and comparative tax analysis undermined the allegation of fictitious payments, resulting in the disallowance being not sustained and the appeal being allowed. en-us Wed, 26 Nov 2025 00:00:00 +0530 Sat, 17 Jan 2026 08:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785114 Addition under 40A(2)(b) challenged on basis of a purported statement made during search; the reproduced statement was misattributed and therefore could not form a valid basis for disallowance, and the principle that admissions in search statements require independent corroboration before supporting an assessment was reiterated, rendering such statements alone insufficient to compute undisclosed income. Further, inclusion of the directors remuneration in the recipients return and comparative tax analysis undermined the allegation of fictitious payments, resulting in the disallowance being not sustained and the appeal being allowed. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785114