Assessee in the statement to survey party, admitted the sum of large receipts as undisclosed receipts, based on documents found during survey. No explanation was offered, nor, the statement was retracted by the assessee, before any authorities, or during the course of assessment proceedings by way of plausible evidence or by any other mode. On appeal Tribunal held that the findings recorded by the AO as well as CIT(A), are based on reasonable basis and credible evidences, and assessee not having retracted the statement given to survey team, nor has produced any evidences, the addition made is upheld. (AY.2012-13)