In the result, all the appeals of the assessee(s) are allowed as per the terms indicated hereinabove
Bench: Sri Sanjay Garg & Dr. Manish Borad
xii) The Hon'ble High Court at Calcutta in the case of Principal CIT Vs Swati Bajaj [2022] 446 ITR 56 (Cal) at Page 142 of the judgment in the second last paragraph has observed that where a witness has given directly incriminating statement and the addition in the assessment is based solely and mainly on the basis of such