Undisclosed income - addition of value of unaccounted assets - ...

Both Parties Must Consider Entire Document in Search and Seizure Cases; No Selective Reliance Allowed.

April 3, 2023

Case Laws Income Tax AT

Undisclosed income - addition of value of unaccounted assets - search and seizure - It is judicially well settled that when a document is found during the course of search, it has to be relied upon in entirety and there is no discretion available with the assessee or the Department to rely upon a part of the document favourable to it and plead for rejection of the other part which is not favourable to it, or in respect of which no supporting material is found. - AT

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Undisclosed income - addition of value of unaccounted assets - ...

Both Parties Must Consider Entire Document in Search and Seizure Cases; No Selective Reliance Allowed.

April 3, 2023

Case Laws Income Tax AT

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