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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Unexplained investment - blank cheques found during the search - ...


Blank Cheques Found During Search; No Income Addition Due to Lack of Evidence for Money Lending Claims.

July 6, 2015

Case Laws     Income Tax     AT

Unexplained investment - blank cheques found during the search - Though the AO is justified in entertaining doubt that the appellant is engaged in the business of money lending and the cheques have been obtained, only after the amounts were advanced since in the absence of any positive evidence, no addition - AT

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