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 paper without corroborative material not sustainable
Case Law Details
- Case Name
- Tara Health Foods Ltd Vs DCIT (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Chandigarh
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Tara Health Foods Ltd Vs DCIT (ITAT Chandigarh)
ITAT Chandigarh held that addition on the basis of loose paper without any corroborative material is not sustainable in law. Accordingly, addition is directed to be deleted and appeal is allowed.
Facts- A search u/s 132 of the Income Tax Act was conducted at the business premises of M/s Tara Health Foods Ltd. On 12.10.2010. Accordingly, a notice u/s 153A was issued and served upon the assessee. Based on loose paper, AO made an addition of Rs.7 Crore to the total income of the assessee. CIT(A) dismissed the appeal. Being aggrieved, the present app...
Author Info
