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2018 (4) TMI 21 - AT - Income TaxAddition u/s 69C - addition on loose paper found during search - Held that:- In the case of the assessee when on one hand affidavit was furnished stating that the amount belongs to someone else and if the Department was not agreeing with it, it could have enquired independently regarding the status of affidavit and verify the statement therein. Secondly, we do not find anything on record to suggest that seized document was supported by any other corroborative evidence. Therefore, we hold that addition made in the hands of the assessee is arbitrary, illegal and liable to be deleted. We, therefore, set aside the order of the ld. CIT(A) and direct deletion of addition made in the hands of the assessee. - Decided in favour of assessee
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