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Income Tax - Highlights / Catch Notes

Home Highlights July 2022 Year 2022 This

Addition for cash component of interest - Reliance on statement ...


Tax Additions Deleted Due to Lack of Evidence; Assessee's Retracted Statement Insufficient for Cash Component Interest Claim.

July 18, 2022

Case Laws     Income Tax     AT

Addition for cash component of interest - Reliance on statement of the assessee during survey proceedings - There is no other evidence on record except the statement of the assessee recorded during survey proceedings, which has already been retracted by the assessee. - Additions deleted - AT

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