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No reassessment can be made solely on basis of statement recorded u/s 133A
Case Law Details
- Case Name
- A. Thangavel Nadar Stores Vs ITO (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14 to 2015-16
- Courts
- All High Courts, Madras High Court
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A. Thangavel Nadar Stores Vs ITO (Madras High Court)
Conclusion: Reassessment was not justified wholly on the basis of a sworn statement recorded in the course of survey in the absence of any other tangible evidence available with the Assessing Officer as the materials collected and the statement obtained under Section 133A would not automatically bind upon the assessee.
Held: The issue arose for consideration was whether a notice/ proceedings for re-assessment could be sustained wholly on the basis of a sworn statement recorded in the course of survey in the absence of any ot...
