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2021 (6) TMI 719 - AT - Income TaxAssessment u/s 153A - Addition based on statement of third party - HELD THAT:- The decisive issue as per the observation of the Tribunal that there cannot be any addition on mere statement given by the third party. The Hon’ble Supreme Court in the case of P.V. Kalyanasundaram, [2007 (9) TMI 25 - SUPREME COURT] in the identical set of facts has held that in absence of any corroborative evidences, no addition can be made just based on the statement of third party. - Decided in favour of assessee.
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