This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Deletes Tax Additions Based on Uncorroborated Dumb Diaries & Retracted Statements
Case Law Details
- Case Name
- Estate Investment Company Pvt. Ltd. Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Estate Investment Company Pvt. Ltd. Vs DCIT (ITAT Mumbai)
“Dumb Diaries Can’t Create Tax Liability” – ITAT Deletes Additions Based on Uncorroborated Search Notings & Retracted Statements
Assessee faced search & survey operations on 07.10.2021. Diaries & loose sheets maintained by an employee (PKS) were found, containing rough cash entries allegedly related to NOC receipts for release of rights in Eksali lands & other cash dealings. AO treated diary entries as conclusive evidence & , based on statements of PKS, NKS & KB recorded u/s 132(4...
Author Info
