Additions based on statement recorded u/s 132(4) without considering Retraction Affidavit with evidences deleted In a recent judgment, ITAT has…
Retracting from income offered during survey and challenging non opportunity of cross examination at assessment stage - upheld In a…
Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…
Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…
Addition made only on the basis of statement which stood retracted on the next day itself was unjustified. ITAT deleted…
Retraction from the surrender without having evidence or proof not permissible in the eyes of law. Supreme Court quashed SLP…
Statement recorded u/s 131 though binds the assessee cannot be independently used for making addition unless corroborated by evidences -…
In a recent judgment, ITAT Chennai has held that a statement recorded u/s 133A can not be retracted saying survey…