No addition merely based on statement if no documentary evidence corroborating the statement

Kundan Builders Vs ACIT (ITAT Pune)

The assessee contended that the addition made by the AO basing on statement recorded u/s. 131 of the Act without there being any documentary evidence to such statement. The CIT(A) sought remand report from the AO which is reproduced at Page No. 11 and 12 of the impugned order. On perusal of the same, we note that the CIT(A) directed the AO call for search material as he considered fit for conducting enquiries to verify the factual aspect and contention of no documentary evidence, no opport

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