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2017 (2) TMI 1357 - HC - Income TaxAddition on documents fund in search - Presumption as to documents u/s 292C - Presumption as to assets, books of account, etc. - addition to income - Held that:- Tribunal has given effect to the provision by drawing presumption against Assessee - however, mere drawing of presumption does not mean that every document will result in some addition. For that purpose one has to mention as to the nature of document, nature and year of transaction, quantum as to how it should be treated, whether it is an investment, expenditure, income or earning, and unless all these things are clear, no addition can be made - thus we are clear that every document will not result in some addition, as has been recorded by Tribunal - Decided in favor of assessee.
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