Code Name “Thekedar” Not Enough – Presumption Under 292C Applies Only to searched assessee

Dinesh Kumar Jain Vs DCIT (ITAT Delhi)

Code Name “Thekedar” Not Enough – Presumption Under 292C Applies Only to searched assessee; No Crroboration, No Addition – ITAT Relieves Assessee from Hazir Johri Trap

A search u/s 132 was conducted in Jindal Bullion Ltd. (JBL) Group on 05.01.2017. Digital data was seized from software “Hazir Johri”, which revealed parallel books recording both accounted & unaccounted transactions. In the seized data, a ledger with code name “Thekedar” was linked by AO to Assesse Dinesh Kumar Jain.

Based on t

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