ITAT confirms Addition to Income of Priyanka Chopra

Advocate Akhilesh Kumar Sah Ms. Priyanka Chopra Vs. Dy. CIT (ITAT Mumbai) IT search and seizure case of Priyanka Chopra: with reference to the materials found specific amount  to various heads  given wherein  the undisclosed income had been utilized, later on retraction by her mother: additions to income held to be justified In law even retracted confession may form the legal basis of the addition, if the AO is satisfied that it was true and was voluntarily made. Sub-section (4) of section 132 of the Income Tax Act, 1961 (herein referred to as ‘the Act’), subject to its Explanation, in...