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Addition merely based on dumb documents/ loose paper not tenable: ITAT Nagpur
Case Law Details
- Case Name
- DCIT Vs Metrocity Homes (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
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DCIT Vs Metrocity Homes (ITAT Nagpur)
ITAT Nagpur held that addition made on the basis of dumb documents, loose paper containing scribbling, rough/vague noting’s in the absence of any corroborative material is not tenable in law. Thus, 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 operation, several incriminating documents related to the assessee were found and seized from ...
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