Assessment passed u/s.153A - Presumption in case of seized ...

Seized Documents in Section 153A Assessment Belong to Assessee's Son, No Presumption Against Assessee u/ss 132(4A) and 292C.

October 9, 2021

Case Laws Income Tax AT

Assessment passed u/s.153A - Presumption in case of seized documents - Assessee’s son was also covered under the search in the same premises and the document found from the said premises has been categorically owned by his son who has given his explanation, then instead of drawing any inference in his assessment u/s.153A, no presumption has been made in the case of the assessee. Thus, once this document does not belong to the assessee nor there is any mention of any name of the seized document, presumption u/s. 132(4A) and Section 292C cannot be made against the assessee. - AT

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Assessment passed u/s.153A - Presumption in case of seized ...

Seized Documents in Section 153A Assessment Belong to Assessee's Son, No Presumption Against Assessee u/ss 132(4A) and 292C.

October 9, 2021

Case Laws Income Tax AT

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