Held that merely on the basis of statement in the course of survey which was retracted and no incriminating material was found. Order of CIT(A) deleting the addition is affirmed (AY. 2017-18)
ACIT v. Nisha Jain (2024)115 ITR 669 / [2025] 170 taxmann.com 550 (Jaipur)(Trib)
S. 69A : Unexplained money-Income from undisclosed sources-Survey-Admission-Demonetisation-Cash deposits in bank-Statement retracted-No incriminating material was found-Addition cannot be made merely on the basis of statement during the survey.[S.131, 133A, 143(3)