TMI BlogUndisclosed interest income - search & seizure u/s 132 - dump documents relied upon - AO has invoked the...Undisclosed interest income - search & seizure u/s 132 - dump documents relied upon - AO has invoked the provisions u/s 292C that there is a presumption that the contents of the documents are true - assessee apparently goes to prove that the document is unnamed, unsigned, vague & ambiguous one and it is not proved on record also that if the same is in the handwriting of the assessee - the presumption arises u/s 292C is rebuttable one. Addition deleted. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
