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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Assessment u/s 153A - The seized paper merely reflect the date, ...

Case Laws     Income Tax

December 19, 2020

Assessment u/s 153A - The seized paper merely reflect the date, name of transferor and transferee and number of shares. The document does not speak of any unexplained investment made by any of the assessees. No material was found during the course of search so as to indicate any unaccounted investment made by assessee. - No evidence of any unaccounted investment have been found during the course of search. The A.O. made addition merely on presumption. - AT

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