Dismissing the appeal of the revenue the Court held that ; except statement of director of assessee-company offering additional income during survey in his premises, there was no other material either in form of cash, bullion, jewellery or document in any other form to justify said statement, accordingly the deletion of addition is held to be valid .
CIT v. Mantri Share Brokers (P.) Ltd( 2018) 96 taxmann.com 279 ( Raj) (HC) Editorial: SLP of revenue is dismissed ;CIT v. Mantri Share Brokers (P.) Ltd. (2018) 257 Taxman 337 (SC)
S. 69B : Amounts of investments not fully disclosed in books of account – Survey -Merely on the basis of statement in the course of survey offering additional income -Addition is held to be not justified .[ S.133A ]