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Addition based on statement recorded u/s 133A without considering evidences is unjustified
Case Law Details
- Case Name
- ITO Vs Aggarwal Trading Company (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Delhi
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ITO Vs Aggarwal Trading Company (ITAT Delhi)
ITAT Delhi held that addition merely on the basis of statement recorded u/s 133A of the Income Tax Act without considering the documents and evidences is unjustified. Accordingly, matter remanded back for fresh consideration.
Facts- Assessment proceedings have been initiated against the assessee, an order u/s 143(3) of the Act came to be passed on 30.03.2015 by making an addition of Rs.2,96,82,150/- in respect of diffrence in stock found during the course of survey operation, a sum of Rs.9,58,500/- made on account of excess cash fou...
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