Assessment u/s 153A - corroboration by way of independent ...

Income Tax

March 27, 2021

Assessment u/s 153A - corroboration by way of independent evidence - the addition can be made on the basis of the seized diary only if proper nexus is established and same is corroborated with relevant material. If the Ld. A.O is not able to establish any such nexus between the notings in the seized diary and the actual transaction having taken place then no addition deserves to be made and if found otherwise Ld. A.O can make addition as permissible under the law. - AT

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Assessment u/s 153A - corroboration by way of independent ...

Income Tax

March 27, 2021

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