Assessment u/s 153A - corroboration by way of independent ...

Additions in Section 153A Assessments Require Proven Nexus with Seized Diary and Corroborative Evidence.

March 27, 2021

Case Laws Income Tax AT

Assessment u/s 153A - corroboration by way of independent evidence - the addition can be made on the basis of the seized diary only if proper nexus is established and same is corroborated with relevant material. If the Ld. A.O is not able to establish any such nexus between the notings in the seized diary and the actual transaction having taken place then no addition deserves to be made and if found otherwise Ld. A.O can make addition as permissible under the law. - AT

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Assessment u/s 153A - corroboration by way of independent ...

Additions in Section 153A Assessments Require Proven Nexus with Seized Diary and Corroborative Evidence.

March 27, 2021

Case Laws Income Tax AT

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