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Income Tax

Addition Deleted Due to Pure Estimation on Borrowed Satisfaction Without Verification

Case Law Details

Case Name
Major Suresh Yadav Vs ITO (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2001-02
Advertisement Major Suresh Yadav Vs ITO (ITAT Delhi) Income Addition Rejected Due to Reliance on Borrowed Satisfaction from External Authorities;  ₹1.20 Crore Addition Set Aside Due to Lack of Evidence on Actual Subscriber Base;  Ex-Parte Assessment Overturned Due to Arbitrary Profit Estimation Method;  Cable Income Addition Deleted Due to Failure to Verify Assessee’s Claims. The appeal concerned reassessment proceedings for Assessment Year 2001–02, where the Assessing Officer (AO) estimated the assessee’s income from cable operations based on information received from the entert...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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