Addition on account of excess cash found her in the course of ...

Assessee retracts statement on excess cash; AO must prove additions, identify defects in cash book and stock records.

April 13, 2018

Case Laws Income Tax AT

Addition on account of excess cash found her in the course of Survey - Once the Assessee has retracted from the statement then it was on the AO to establish beyond any doubt the issues on which the additions has been made Once the assessee has submitted up to date cash book and stock register then it was duty of the Assessing Officer to pin point the defects in such books of account particularly with regard to the issues, on which the statement was recorded during the survey. - AT

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Addition on account of excess cash found her in the course of ...

Assessee retracts statement on excess cash; AO must prove additions, identify defects in cash book and stock records.

April 13, 2018

Case Laws Income Tax AT

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