Addition based on loose sheets found during the search - on ...

Income Tax

June 8, 2021

Addition based on loose sheets found during the search - on money payment - Addition u/s. 69A r.w.s.115BBE - -Since, search u/s. 132 was conducted in the residence and the business premises and no evidence was found evidencing application of additional income admitted by the assessee, either in the hands of the company or in the hands of the directors, we do not find any reason to reject the telescopic benefit requested by the assessee. - CIT(A) rightly deleted the additions - AT

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Addition based on loose sheets found during the search - on ...

Income Tax

June 8, 2021

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