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2017 (5) TMI 172 - HC - Income TaxDid the ITAT fall into error in holding that the surrender made by the assessee in the course of the survey and confirmed two months later in writing, was deserved to be deleted in the circumstances of the case for lack of any corroborative material? - Held that: - The Court is not satisfied that the retraction made by the Assessee two years after the declaration was bonafide. There was no satisfactory explanation for not including the said amount in the return of income filed by the Assessee on 26th September, 2009 - there was no justification whatsoever for the ITAT to have deleted the additions made by the AO which were upheld by the CIT(A) - appeal allowed - decided in favor of Revenue.
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