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2018 (7) TMI 736 - AT - Income TaxAddition on the surrendered sum made at the time of survey - Held that:- The statement of Shri Ajay Kumar Jain was recorded on the date of survey on 23.02.2010 only u/s 133A of the Act. Hence, we are inclined to accept the argument of the ld. AR that the ld. AO had factually erred by stating the statement has been recorded u/s 131 of the Act thereby contemplating to give evidentiary value for the same. It is not in dispute that barring the statement from Shri Ajay Kumar Jain, no other corroborative evidences were found by the survey team or by the assessing officer at the time of assessment proceedings by pointing out certain deficiencies from books of accounts of the assessee to support the disclosure made in the sum of ₹ 60 lacs at the time of survey. - Decided against revenue
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