Addition under section 69A - Hundi - There is not even an iota ...

No Evidence Found: Section 69A Additions on Hundi Transactions Overturned for Three Years Due to Lack of Proof.

July 29, 2013

Case Laws     Income Tax     AT

Addition under section 69A - Hundi - There is not even an iota of evidence which may lead to a conclusion embroiling the assessee in the alleged hundi transactions and, in the absence of evidence, there was no scope for slapping the additions on the assessee for all these three year - AT

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