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2020 (11) TMI 858 - AT - Income TaxAddition on the basis of statement of son as recorded u/s 132(4) - documents as found and seized in search - HELD THAT:- Addition was made on the basis of admission of assessee’s son during the course of search. As contended before us, that all these documents were properly recorded in the regular books of accounts of the persons to which these documents actually pertained. However, we find that the assessing officer did not establish the fact that any of the documents as found and seized was not recorded in the books of accounts of the persons to which these documents actually pertained. Therefore, we find force in the contention of the assessee that without referring to any of the documents was not binding on the assessee and the same cannot be used against the assessee as an evidence and that too in search assessment proceedings. No adverse material was filed by the revenue to controvert the factual submission advanced before us, we direct the assessing officer to delete the addition - Decided in favour of assessee.
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