https://www.taxtmi.com/caselaws?id=785611 Unexplained cash credit additions were contested as being founded solely on statements recorded during a survey. The tribunal applied the principle that statements recorded under survey provisions lack evidentiary value and cannot form the sole basis for additions, resulting in deletion of the addition that treated 2% of alleged bogus sales as unexplained cash credit on the ground that audited books and quantitative details were furnished and survey statements were not supplied for cross-examination. Noncompliance with Rule 46A was not established by the Revenue, and the deletion was upheld. en-us Tue, 16 Dec 2025 00:00:00 +0530 Wed, 28 Jan 2026 07:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785611 Unexplained cash credit additions were contested as being founded solely on statements recorded during a survey. The tribunal applied the principle that statements recorded under survey provisions lack evidentiary value and cannot form the sole basis for additions, resulting in deletion of the addition that treated 2% of alleged bogus sales as unexplained cash credit on the ground that audited books and quantitative details were furnished and survey statements were not supplied for cross-examination. Noncompliance with Rule 46A was not established by the Revenue, and the deletion was upheld. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785611