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2018 (5) TMI 416 - AT - Income TaxAddition on the basis of such loose papers found from his premises - Held that:- Since the assessee in the instant case was also denying from the very beginning that the assessee does not own any property at Byculla and documents relating to addition of ₹ 3,00,000/- and ₹ 4,02,000/- do not mention the name of the assessee nor are in the handwriting of the assessee, therefore, following the decision of the Tribunal in assessee’s own case on the basis of similar seized papers which has been upheld by the Hon'ble High Court and in absence of any contrary material brought to our notice, we are of the considered opinion that the addition made by the Assessing Officer and upheld by the ld. CIT(A) is not justified. Accordingly, the same is directed to be deleted. The grounds raised by the assessee are accordingly allowed.
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