This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Addition based on mere sworn statement if not corroborated by independent evidence
Case Law Details
- Case Name
- Yashaswi Fish Meal and Oil Company Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13 to 2015-16 & 2017-18
- Courts
- All ITAT, ITAT Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Yashaswi Fish Meal and Oil Company Vs DCIT (ITAT Bangalore)
The Income Tax Appellate Tribunal (ITAT) in Bangalore recently gave a critical ruling in the case between Yashaswi Fish Meal and Oil Company and the Deputy Commissioner of Income Tax (DCIT). This case has sparked interest for the implications it carries on the admissibility of sworn statements during tax assessments. The decision has thrown light on Sections 133A and 147 of the Income Tax Act, stressing that sworn statements must be supported by independent evidence for them to be considered in any addition or reasses...
Author Info
