TMI BlogAddition on account of unaccounted cash payments u/s 69C - Addition on the basis of the statements given...Addition on account of unaccounted cash payments u/s 69C - Addition on the basis of the statements given by four employees in the course of search u/s 132(4) - not only were the original statements of the four (4) employees inconsistent, unreliable and suffers from contradiction and the admission made were not backed by any corroborative evidence and these statements had also been retracted and each of the four employees were able to withstand the cross-examination of the AO. Therefore, followin..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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