Survey Surrender & Diary Entries Held Insufficient – ₹266 Cr Addition Deleted – Statements u/s 133A Have No Evidentiary Value Without Corroboration – ITAT Amritsar

Varun Traders Vs DCIT (ITAT Amritsar)

Survey Surrender & Diary Entries Held Insufficient – ₹266 Cr Addition Deleted – Statements u/s 133A Have No Evidentiary Value Without Corroboration – ITAT Amritsar

During survey u/s 133A, the assessee allegedly surrendered ₹266 lakh based on entries in a diary titled “Building Account.” The surrender was later retracted claiming coercion. AO treated the surrender as undisclosed investment and made addition, which was partly sustained by CIT

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