Unexplained investment - Unaccounted cash for purchase - ...

Authorities Cannot Add Income Based on Third Party Statement Without Confronting Assessee First.

June 2, 2023

Case Laws Income Tax AT

Unexplained investment - Unaccounted cash for purchase - addition based on the statement / admission of the third party - Mere admission of the third party cannot be a basis for making addition in the hands of the assessee without confronting the assessee about the incriminating material. - AT

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Unexplained investment - Unaccounted cash for purchase - ...

Authorities Cannot Add Income Based on Third Party Statement Without Confronting Assessee First.

June 2, 2023

Case Laws Income Tax AT

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