Addition based on mere statement of assessee recorded u/s. 132(4) not sustainable

ITAT CHANDIGARH BENCH ‘A’ Naresh Kumar Verma Versus Assistant Commissioner of Income-tax, Central Circle, Patiala Ms. Sushma Chowla, JUDICIAL MEMBER AND MEHAR SINGH, ACCOUNTANT MEMBER IT Appeal Nos. 802 to 806 & 818 (Chd.) of 2012 [ASSESSMENT YEARS 2002-03 TO 2007-08] NOVEMBER 27, 2012 ORDER Per Bench – The present bunch of six appeals filed by the appellant is directed against the order, dated 28.03.2012/10.5.2012 passed by the ld. CIT(A) u/s 250(6) of the Income-tax Act,1961 (in short ‘the Act’). As the appeals involve similar grounds of ap...