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Addition based on seized paper without corroborative evidence is untenable
Case Law Details
- Case Name
- Saif Ali Khan Mansurali Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1999-2000
- Courts
- All ITAT, ITAT Mumbai
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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 assesse...
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