This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Estimated Gross Profit Addition Collapses When Excess Stock Is Not Proved
Case Law Details
- Case Name
- Subhash Kumar Aahi Vs ACIT (ITAT Jabalpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Jabalpur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Subhash Kumar Aahi Vs ACIT (ITAT Jabalpur)
Survey surrender not sacrosanct: ITAT Jabalpur deletes additions on jewellery, cash, renovation & GP
The Jabalpur ITAT substantially allowed the Assessee’s appeal and deleted multiple additions arising from a survey u/s 133A, holding that mere surrender during survey, unsupported by corroborative evidence, cannot be the sole basis for additions.
A survey conducted on 30-05-2012 resulted in surrender of ₹89.29 lakh towards alleged excess stock of gold & silver jewellery, excess cash, unexplained investment in shop renov...
Author Info
