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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Validity of statement made during survey u/s 133A - When cash ...


Statements in Section 133A Survey Insufficient for Income Adjustments Without Corroborating Evidence When Cash Found with Employee.

July 22, 2013

Case Laws     Income Tax     HC

Validity of statement made during survey u/s 133A - When cash was admittedly found in possession of the employee of the assessee, it cannot be stated that additions were made on the basis of bare statement recorded under section 133A - HC

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