Assessment u/s 153C - acceptance of diaries/loose sheets by the ...

Court Rules on Misclassification of Petitioner u/s 153C; Diaries and Loose Sheets Not Valid Evidence.

August 30, 2022

Case Laws Income Tax HC

Assessment u/s 153C - acceptance of diaries/loose sheets by the respondent - no opportunity was provided to the petitioner as required u/s 127 of the Act inter alia the petitioner being “searched person” and not “Other person” as required u/s 153C - a sheet of paper containing typed entries and in loose form, not shown to form part of the books of accounts regularly maintained by the assessee or his business entities, do not constitute material evidence. - HC

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Assessment u/s 153C - acceptance of diaries/loose sheets by the ...

Court Rules on Misclassification of Petitioner u/s 153C; Diaries and Loose Sheets Not Valid Evidence.

August 30, 2022

Case Laws Income Tax HC

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