Mere Entries found in third party books are not binding on Assessee

Entries found in third party books are not binding on the assessee solely on the basis of information received from the investigation unless the statement of the third party was supported by any documentary evidence. Brief Facts of the Case and Question of Law Brief Facts: a. The Assessee, an individual filed his return of income on 29.03.2006 declaring income of Rs. 1.46 lacs. The AO completed the assessment, on 12.12.2011, u/s.143 (3) r.w.s.147 of the Act, determining his income at Rs.19.37 lacs. Effective ground of appeal is about deletion of addition of Rs.19,37,124/- made by the AO under...