Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (7) TMI 49 - HC - Income TaxNature of evidences collected during survey u/s 133A – rough notes - A survey under Section 133A of the Act was conducted at the business premises of the assessee on 17.9.1999 and certain loose papers and documents were found. The Assessing Officer held that trading results declared by the assessee were not verifiable. The assessee could not co-relate the transactions in the books of accounts with the RG register. Since the Assessing Officer was not satisfied with the explanation of the assessee, he made addition to the declared income – held that books of account maintained by the assessee were duly audited and Assessing Officer had not pointed out any specific defect whatsoever in such books of account maintained by the assessee – addition can not be made.
|