Cash found in search action - retraction of disclosure of ...

Income Tax

October 6, 2023

Cash found in search action - retraction of disclosure of unaccounted cash seized - by surrendering the aforesaid amount and offering to pay tax, the assessee has prevented further enquiries by the department , obviously because it could have led to further revelations / unraveling of truth as to the persons who are also implicit with assessee in transporting of cash as well other transactions undertaken by the assessee in the past. - Addition confirmed - AT

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Cash found in search action - retraction of disclosure of ...

Income Tax

October 6, 2023

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