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2020 (3) TMI 554 - HC - Income TaxAddition based on statement recorded u/s 133A - tribunal held that on the basis of the statement of the director Shri Saurabh N. Garg alone, the AO cannot come to the conclusion that the assessee has issued accommodation bills and reject the books of account of the assessee - HELD THAT:- Madras High Court in S. Khader Khan Son [ 2007 (7) TMI 182 - MADRAS HIGH COURT] concluded that statement recorded under Section 133A of the Act is not given any evidentiary value and that materials or information found in the course of survey proceedings could not be a basis for making any addition; besides materials collected and statement obtained under Section 133A would not automatically bind upon the assessee. The above decision of the Madras High Court has been affirmed by the Supreme Court by dismissing the civil appeal of the Revenue in CIT Vs.S. Khader Khan Son [2013 (6) TMI 305 - SC ORDER] - Decided against revenue
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