Court Deletes Profit Additions from Undisclosed Turnover Due to Unsubstantiated Claims in Section 153A Assessment.

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....Estimation of profit on undisclosed turnover - Addition @50% and granting relief @50% - assessment u/s 153A after search and seizure proceedings - Reliance of the statements u/s 132(4) of the assessee and third parties - retracted statements - Revenue failed to prove its case - entire additions deleted.....