ITAT Jaipur deletes School Fee Addition; Mere Survey Statement Weak Evidence

Pushpa Vidya Niketan Samiti Vs ACIT (ITAT Jaipur) The Income Tax Appellate Tribunal (ITAT), Jaipur bench, has provided relief to Pushpa Vidya Niketan Samiti by deleting additions made by the Assessing Officer (AO) on account of alleged suppressed school fees for the assessment years 2015-16, 2016-17, and 2017-18. The ITAT’s order, addressing three appeals filed by the assessee against the Commissioner of Income Tax (Appeals) [CIT(A)] order, emphasized that statements recorded during a survey under Section 133A of the Income Tax Act, 1961, lack independent evidentiary value without corrob...