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2003 (11) TMI 27 - HC - Income TaxBlock assessment – unexplained expenditure - Tribunal has observed that it was never the case of the assessee that the document in question was not recovered from its business premises or that it did not belong to it or that the entries regarding expenditure were not made by its employee - Tribunal found that the assessee had knowingly and admittedly given different explanations in respect of the same document - assessee had not only owned up the document but had also explained the cheque transactions reflected in the lower portion of the very same document – We affirm the view taken by the Tribunal that section 158BC had been correctly invoked and that section 158BD had no application in the matter.
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