Unexplained money u/s 69A - Unaccounted cash found in course of ...

Income Tax

October 18, 2023

Unexplained money u/s 69A - Unaccounted cash found in course of search and seizure - The claim of assessee that the statement of partners are neither voluntary nor reliable and is thus bereft of any probative value, is not without any substance as noted in the preceding paragraphs. The benefit of doubt, in the peculiar circumstances, thus need to go in favour of the subject assessee. The assessee cannot be held accountable for the lapses or remissness on the part of the Revenue Authorities. - AT

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Unexplained money u/s 69A - Unaccounted cash found in course of ...

Income Tax

October 18, 2023

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