ITAT Reverses Addition made Solely based on Survey Statement u/s 133A without Corroborative Evidence [Read Order]

Considering the addition made without any corroborative evidence, ITAT reversed the 8 Lakhs addition made by the AO
By Kavi Priya - On September 3, 2024 5:50 pm - 2 mins read
ITAT - ITAT Pune - Addition Made Solely - Survey Statement - Section 133A Income Tax Act - Income Tax Appellate Tribunal - taxscan

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) reversed the addition made solely based on the survey statement under Section 133A of the Income Tax Act, 1961 without any corroborative evidence to prove the presence of any errors or omissions. Sheetal Collection, the assessee is a partnership firm involved in the retail…

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