Addition based on statement recorded u/s 133A without considering evidences is unjustified

ITO Vs Aggarwal Trading Company (ITAT Delhi) ITAT Delhi held that addition merely on the basis of statement recorded u/s 133A of the Income Tax Act without considering the documents and evidences is unjustified. Accordingly, matter remanded back for fresh consideration. Facts- Assessment proceedings have been initiated against the assessee, an order u/s 143(3) of the Act came to be passed on 30.03.2015 by making an addition of Rs.2,96,82,150/- in respect of diffrence in stock found during the course of survey operation, a sum of Rs.9,58,500/- made on account of excess cash found. Aggrieved by ...