ACIT v. Ramasubbu Minnalkodi (2025) 238 TTJ 337 (Chennai)(Trib.).

S. 133A: Survey-Unexplained investments-No addition can be made solely on the basis of a survey statement without corroborative evidence.[S. 133A]

The Tribunal held that where the Assessing Officer had accepted the regular books of account and failed to produce any corroborative evidence establishing that the notings found during the survey represented actual unaccounted sales, an addition could not be sustained merely on the basis of statements recorded during survey proceedings. The deletion of the addition by the CIT(A) was upheld. (AY. 2020-21)

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