Held that merely on the basis of statement of clerk and Assistant General manager without corroborative documentary evidence, addition cannot be made on estimate of unaccounted sales. (AY. 2013-14 to 2018-19)
Fathimuthu Amma Mills Ltd. v. ACIT (2022) 94 ITR 6 (SN) (Chennai)(Trib.)
S. 69 : Unexplained investments-Search and seizure-Estimate of unaccounted sales-Merely on the basis of statement of clerk and Assistant General manager without corroborative documentary evidence, addition cannot be made. [S. 69A, 132]