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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