Addition based on statement recorded during the course of survey ...

Income Tax

March 16, 2023

Addition based on statement recorded during the course of survey - in the light of the CBDT Circular/Instruction and the various other decisions relied on by assessee to the proposition that the statement recorded during the course of survey has no evidentiary value unless the same is backed by credible evidence, the addition made by the AO was rightly deleted by the CIT (A). - AT

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Addition based on statement recorded during the course of survey ...

Income Tax

March 16, 2023

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Statement recorded in the course of survey does not form the sole basis for making additions in absence of supportive evidence - AT

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