Third party statement recorded u/s 132(4) not an incriminating document for addition u/s 153A

Smt. Shantha Natarajan Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that statement of a third party already recorded u/s 132(4) of the Income Tax Act cannot be considered as an incriminating document for the purpose of making the addition u/s 153A of the Income Tax Act. Facts- A search and seizure operation u/s 132 of the Act was carried out in the residential premises of the assessee on 25.09.2014. Accordingly, notice u/s 153A of the Act was issued to the assessee on 14.09.2016. In response thereto, assessee filed his return of income for A.Y. 2013-14 on 20.10.2016. Thereafter, the Assessing ...