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₹6.40 Crore Addition Deleted as Revenue Failed to Corroborate Seized Document

Case Law Details

Case Name
PCIT Vs Tarun Kumar Goyal (Telangana High Court)
Date of Judgement/Order
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Advertisement PCIT Vs Tarun Kumar Goyal (Telangana High Court) The appeal was filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging the order of the Income Tax Appellate Tribunal (ITAT) dated 20.04.2021 for the Assessment Year 2016-17. The Revenue questioned the Tribunal’s decision deleting an addition of ₹6,40,00,000 that had been made on the basis of material seized during a search under Section 132. Background of the Casevs The respondent, an individual assessee, was assessed under Section 143(3) read with Section 153A following search and seizure opera...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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