Assessment u/s 153A - Addition based on jottings in rough sheets ...

Income Additions Unjustified Without Corroborative Evidence in Section 153A Assessments; Jottings Insufficient for Proof.

March 8, 2022

Case Laws Income Tax AT

Assessment u/s 153A - Addition based on jottings in rough sheets found in search - When the jottings in rough sheets are not in themselves capable of expressing or describing the essence of the transaction the way AO has deciphered them especially without corroborative evidence of parties attributed to the transaction, and when there is no material to show nexus between the assessee herein and the alleged transactions, no addition to the income can be justifiably made - AT

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Assessment u/s 153A - Addition based on jottings in rough sheets ...

Income Additions Unjustified Without Corroborative Evidence in Section 153A Assessments; Jottings Insufficient for Proof.

March 8, 2022

Case Laws Income Tax AT

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