Addition made solely on the basis of statement recorded u/s 132(4) without having corroborating evidence is unsustainable.
Last updated: 20 January 2021
Court :
ITAT Visakhapatnam
Brief :
These appeals are filed by the revenue against the orders of the Commissioner of Income Tax (Appeals)-3, Visakhapatnam in Appeal Nos.314 to 318 /2019-20/CIT(A)-3/VSP/2020-21 dated 31.07.2020 for the Assessment Year (A.Y.)2013-14 to 2017-18. The appeals are filed by the Revenue with the delay of 3 days along with condonation petition stating administrative reasons and requested to condone the delay.
Citation :
ITA 201/VIZ/2020
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Published in Income Tax
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