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Bogus Sub-Contractor Additions Deleted; 132(4) Statements Insufficient
Case Law Details
- Case Name
- S. R. Constructions Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Bangalore
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S. R. Constructions Vs DCIT (ITAT Bangalore)
Search-Based Additions Cannot Rest Solely on 132(4) Statements—ITAT Deletes Bogus Sub-Contractor Additions; Affidavits, RA Bills & Unrebutted Evidence Prevail
The appeals filed by S.R. Constructions and the cross-appeals by the Revenue arose from assessments completed u/s 153A pursuant to a search conducted on 23-11-2016 at the Ananthapur & Bangalore offices. The AO treated substantial payments to 27 sub-contractors as bogus expenditure, relying almost entirely on statements recorded u/s 132(4), the presence of certain sig...
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