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ITAT Bangalore Restricts Additions in Search Assessment – Statement Alone Not Incriminating
Case Law Details
- Case Name
- Late Mahabir Prasad (through L/H Mrs. Parul Kansaria) Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Bangalore
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Late Mahabir Prasad (through L/H Mrs. Parul Kansaria) Vs DCIT (ITAT Bangalore)
ITAT Bangalore Restricts Additions in Search Assessment – Statement Alone Not Incriminating- No Addition in Concluded Years Without Incriminating Material- Unaccounted Sales – Only GP Taxable, Not Entire Turnover
Bangalore ITAT dealt with additions arising out of search proceedings in the A-One Steel group. The dispute involved alleged unaccounted sales, bogus purchases & validity of additions in concluded years.
AO relied on seized mobile data, rough papers & a statement u/s 132(4) of the assessee’s...
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