Additions towards Undisclosed profit made on the basis of the ...
ITAT Deletes Undisclosed Profit Additions; Requires Revenue to Prove Taxpayer's Handwriting on Seized Documents; Allows Admission Retraction.
October 26, 2023
Case Laws Income Tax HC
Additions towards Undisclosed profit made on the basis of the seized documents - ITAT deleted the additions - Now, look at the reasons given by the tribunal. It cast a duty on the Revenue to prove the handwriting of the assessee. It accepted the contention of the assessee that the documents did not belong to him instead of requiring him to prove it. It allowed the assessee to retract the admission made by him during the course of the proceedings - The tribunal ought not to have disregarded the admission merely on the ground that later on the assessee had withdrawn the admission - HC
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