Addition of Rs. 14 crores based solely on assessee's statement ...

ITAT Overturns Rs. 14 Crore Addition Due to Lack of Evidence in Section 133A Survey Case on Land Transactions.

January 9, 2025

Case Laws Income Tax AT

Addition of Rs. 14 crores based solely on assessee's statement recorded during survey u/s 133A without corroborative evidence regarding land transactions, parties involved, computation method is unsustainable. ITAT allowed assessee's appeal, holding that additions cannot be made only on the basis of statement unless supported by incriminating evidence.

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Addition of Rs. 14 crores based solely on assessee's statement ...

ITAT Overturns Rs. 14 Crore Addition Due to Lack of Evidence in Section 133A Survey Case on Land Transactions.

January 9, 2025

Case Laws Income Tax AT

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