Assessment u/s 153A - unsecured loan taken by the assessee - ...

Tax Assessment u/s 153A: Third-Party Statement Lacks Value Without Corroboration in Unsecured Loan Case.

December 8, 2022

Case Laws Income Tax AT

Assessment u/s 153A - unsecured loan taken by the assessee - reliance on statement of third party - When the Assessing Officer and ld. CIT(A) has accepted that the assessments were completed and books of account were verified, returns were filed, the entire record are persuaded by the AO and the ld. CIT(A) when there is no incriminating material found then the statements recorded during the assessment proceedings has no evidentiary value when it is not supported with corroborative evidences - AT

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Assessment u/s 153A - unsecured loan taken by the assessee - ...

Tax Assessment u/s 153A: Third-Party Statement Lacks Value Without Corroboration in Unsecured Loan Case.

December 8, 2022

Case Laws Income Tax AT

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