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Case Law Details

Case Name : Saif Ali Khan Mansurali Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 1091/Mum/2009
Date of Judgement/Order : 23/09/2011
Related Assessment Year : 1999-2000
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Saif Ali Khan Mansurali Vs Asst. Commissioner of Income Tax (ITAT Mumbai)

ITAT Mumbai held that addition merely on the basis of seized paper which is neither signed nor dated, without any corroborative evidence, is untenable in law.

Facts- A search and seizure action u/s.132 was carried out in the case of M/s. Tips Films P. Ltd. and its Directors. During the course of search in the residence of one of the Directors Shri Kumar S. Taurani, certain papers were seized in which in page No.4 certain expenditures were recorded being payment to Artists. One of the name included in it is of the assessee Shri Saif Ali Khan against whom a payment of ` 20,00,000/- have been recorded.

Shri Kumar Taurani vide his letter submitted on 10.05.2004 and 10.06.2004 has submitted that the amount of Rs. 20,00,000/- have been made to the assessee for the services rendered as an Artist in the film “Kachche Dhaage” in cash, over and above Rs. 20,00,000/- paid in cheque.

Rejecting various explanations, AO reopened the assessment and treated the amount of Rs. 20,00,000/- as concealed income of the assessee being cash payments received from M/s Tips Films Pvt. Ltd. for acting in the film ‘Kachche Dhaage’.

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