Undisclosed interest income - search & seizure u/s 132 - dump ...

Tax Officer's Presumption u/s 292C Challenged; Court Rules Evidence Rebuttable, Deletes Undisclosed Income Addition.

March 6, 2019

Case Laws Income Tax AT

Undisclosed interest income - search & seizure u/s 132 - dump documents relied upon - AO has invoked the provisions u/s 292C that there is a presumption that the contents of the documents are true - assessee apparently goes to prove that the document is unnamed, unsigned, vague & ambiguous one and it is not proved on record also that if the same is in the handwriting of the assessee - the presumption arises u/s 292C is rebuttable one. Addition deleted.

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Undisclosed interest income - search & seizure u/s 132 - dump ...

Tax Officer's Presumption u/s 292C Challenged; Court Rules Evidence Rebuttable, Deletes Undisclosed Income Addition.

March 6, 2019

Case Laws Income Tax AT

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