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2006 (12) TMI 127 - MADRAS HIGH COURT
Block assessment – search - Sale of immovable property - admission made voluntarily by assessee relating to undisclosed income – retraction of statement by assessee even after the service of summons during the course of recording statement would itself negate the admission – moreover Revenue not established that there is actually on-money passed on to the seller – not proved that there is understatement of sale consideration in the document – additions rightly deleted by CIT & ITAT