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Dear friends,
In one of the assessement,AO wants to make addition on the basis of statement recorded during survey u/s.133A.Asseesee has not retracted his statement and finalised accounts recording properly all those transactions which were considered unexplained during survey.
I seek your guidance as to -
 
-What is the evidentuary value of the statement for making addition.
-Pl give some judgements (ITAT or HC) in favour of the assessee.
 
Thanks,
 

CA BIJALKUMMAR GANDHI,b.com.,f.c.a.

 

bijal gandhi & co.

chartered accountants

401, Optionz,    Opp: Hotel Nest,  Sardar Patel nagar Off:C.G.Road,Navrangpura, 
Ahmedabad-380 009
Ph: (O) +91-79-26426333,26427333(Telefax)
(M) +91-98240 93339

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