TMI BlogCourt Rules Oral Statements Insufficient; Undisclosed Capital Gain Addition Deleted Due to Lack of Documentary Evidence.Undisclosed capital gain - The approach of the revenue authorities in treating the oral statement of the searched person as sacrosanct in total disregard to the registered documentary evidence available, is not in accordance with law and the addition made, therefore, by holding that the surplus consideration was received in the impugned transaction in the hands of the assessee is, therefore, directed to be deleted - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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