This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Statements recorded during survey have no evidentiary value unless corroborated by material evidence
Case Law Details
- Case Name
- DCIT Vs Vivek Gupta (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Vivek Gupta (ITAT Kolkata)
Kolkata Bench of ITAT dismissed Revenue’s appeals & upheld CIT(A)’s deletion of additions u/s 68, disallowance of interest & alleged commission on loans.
AO had treated ₹1.67 crore received from 10 entities as unexplained cash credits, relying on a statement recorded during survey u/s 133A, where Assessee allegedly admitted to taking accommodation entries. Assessee later retracted the statement, claiming it was obtained under duress, & produced full evidences-confirmations, PAN, bank statements, ITRs, & proof of repayment with interest. ...
Author Info
