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2013 (6) TMI 189 - HC - Income TaxBlock Assessment - addition - admission by the assessee versus material evidence - Held that:- except for the admission of the assessee qua the undisclosed cash of Rs. 2,99,740/-, the AO was not in possession of any evidence found as a result of search or requisition of book of accounts or other documents so as to make the additions as made by him in the assessment order dated 31.7.1998. The reliance placed by the Revenue in Rajendra Kumar Lahoty v. Deputy Commissioner of Income Tax (2003 (4) TMI 24 - RAJASTHAN High Court) has no application to the present case as the said case turned on its own facts and no principle of law has been laid down in the said judgment. - Decided in favor of assessee
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