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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Addition based on seized documents during the course of search - ...


Taxpayer Fails to Counter Presumed Income from Seized Documents; Additions to Income Upheld.

December 24, 2018

Case Laws     Income Tax     AT

Addition based on seized documents during the course of search - presumption is rebuttable but assessee has not produced any evidence to rebut that presumption - it is not the claim of the assessee that no such transaction has taken place. He merely pleaded that it is a dumb documents - Additions confirmed.

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