Estimation of profit on undisclosed turnover - Addition @50% and ...

Court Deletes Profit Additions from Undisclosed Turnover Due to Unsubstantiated Claims in Section 153A Assessment.

January 13, 2020

Case Laws Income Tax AT

Estimation of profit on undisclosed turnover - Addition @50% and granting relief @50% - assessment u/s 153A after search and seizure proceedings - Reliance of the statements u/s 132(4) of the assessee and third parties - retracted statements - Revenue failed to prove its case - entire additions deleted.

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Estimation of profit on undisclosed turnover - Addition @50% and ...

Court Deletes Profit Additions from Undisclosed Turnover Due to Unsubstantiated Claims in Section 153A Assessment.

January 13, 2020

Case Laws Income Tax AT

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