Addition based on Dumb Documents without corroborative evidence is Unsustainable

Lalman Yadav Vs ACIT (ITAT Delhi)

ITAT Delhi held that presumption u/s. 132(4A) of the Income Tax Act is only against the person in whose possession the search material is found and not against any other person. Addition based on dumb documents without corroborative evidence is unsustainable in law.

Facts- A search & Seizure operation u/s 132 of the Income Tax Act, 1961 was conducted in different business and residential premises of Rathi Group of cases based at Delhi

Please become a Premium member. If you are already a Premium member, login here to access the full content.