Unexplained salary - search and seizure proceedings - The ...

Assessing Officer's unaccounted salary addition rejected; verified salary vouchers and bank records confirm actual payment.

February 10, 2022

Case Laws Income Tax AT

Unexplained salary - search and seizure proceedings - The addition made by the Assessing Officer as relates to unaccounted salary does not sustain in the eyes of law as the salary vouchers which was presented before the Assessing Officer clearly shows the actual salary paid to the assessee which was verifiable from the records of the assessee's bank account and other relevant documents. Merely relying on the statement which the Assessing Officer as well as the CIT(A) though admitting that the said statement is vague and inconsistent cannot be the basis for addition. - AT

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Unexplained salary - search and seizure proceedings - The ...

Assessing Officer's unaccounted salary addition rejected; verified salary vouchers and bank records confirm actual payment.

February 10, 2022

Case Laws Income Tax AT

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