TMI Blog2017 (3) TMI 1829X X X X Extracts X X X X X X X X Extracts X X X X ..... D THAT:- The appellant and the other sister concerns are independent and merely on 133A statement the addition could not have been made. Therefore, the CIT (A) as well as the Tribunal have not committed any error in deleting the addition.- Decided in favour of assessee. - D.B. Income Tax Appeal No. 14 / 2016 - - - Dated:- 23-3-2017 - Mr. Vijay Kumar Vyas, J. For Appellant(s): Mr. Anil Meh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submissions of the AR alongwith the paper book filed and survey records. The following facts emerge:- 1. Survey operations u/s 133A of the I.T. Act, 1961 were carried out at the business premises of the appellant company on 19/07/2007. During the course of assessment proceedings one of the directors of the appellant company stated that M/s Sandeep Stock Pvt. Ltd. had for the past 3 to 4 years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase ofappellant company and apart from these statements there is no evidence by way of documents or papers to indicate or substantiate this surrender made. 3. M/s Sandeep Stock Pvt. Ltd. is an independentcompany and the directors are not related to the directors and promoters of the appellant company. 4. All the transactions were conducted by M/sSandeep Stock Pvt. Ltd. through its banks acco ..... X X X X Extracts X X X X X X X X Extracts X X X X
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