Unexplained investment u/s 69 - The materials found in the ...

Income Tax

December 20, 2017

Unexplained investment u/s 69 - The materials found in the course of survey could not be the basis for making any addition in the assessment. The word “may” used in section 133A(3)(iii) makes it clear that the material collected and statement recorded during the survey u/s 133A are not conclusive piece of evidences by itself. - AT

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Unexplained investment u/s 69 - The materials found in the ...

Income Tax

December 20, 2017

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