Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the ...

Case Laws Income Tax

March 24, 2021

Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the statement of the assessee u/s. 132(4) agreeing for the addition there is no seized incriminating material found in the premises of the assessee in the course of assessment proceedings. When there is no incriminating material found in the course of search in assessee’s premises the addition/disallowance cannot be made merely on the statements recorded in the course of the search proceedings. - AT

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Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the ...

Case Laws Income Tax

March 24, 2021

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