This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Additions Based Solely on Retracted Statements Not Sustainable: ITAT Mumbai
Case Law Details
- Case Name
- Rajeshkumar Rameshchandra Shah Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Rajeshkumar Rameshchandra Shah Vs DCIT (ITAT Mumbai)
The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed the appeals of Rajeshkumar Rameshchandra Shah, a resident individual, for the assessment years 2013-14 to 2018-19. The consolidated ruling addressed the validity of additions made by the Assessing Officer (AO) for alleged unexplained cash loans and the notional interest derived from them. The court found that the additions were based on insufficient evidence and were therefore unsustainable.
Background of the Case
The case stems from a survey and search action conducted on the &...
