This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition based on loose papers without corroborative material not Valid: ITAT Nagpur
Case Law Details
- Case Name
- D.C.I.T Vs Metrocity Home (ITAT Nagpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Nagpur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Metrocity Home (ITAT Nagpur)
ITAT Nagpur held that addition merely on the basis of dumb documents, loose paper containing scribbling, rough/vague notings without any corroborative material, evidence on record and finding that such dumb documents had materialized into transactions giving rise to income is not sustainable in law. Accordingly, appeal of revenue dismissed.
Facts- The assessee is a Partnership Firm. A search and seizure action u/s. 132 of the Income Tax Act, 1961 was conducted on 25/06/2019, in the case of Shri Prashant Bongirwar. During the course of search and seizure ope...
Author Info
