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Addition merely on the basis of Dumb Documents not sutainable
Case Law Details
- Case Name
- Smt. Rontala Tirumala Vs ACIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Hyderabad
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Smt. Rontala Tirumala Vs ACIT (ITAT Hyderabad)
ITAT finds that the statement of the M.D Shri Rontala Raji Reddy was recorded on 17.10.2014 i.e. a day after the survey on 16.10.2014 and the diaries impounded during the course of survey allegedly corroborated the statement. It is a settled position that no addition can be made solely on the basis of a statement given during the course of search or survey. In this case ITTA find that though the assessees did not retract the statement of Sri Raji Reddy by filing any letter before the Revenue Authorities, I find that they have comp...
