Assessment u/s 153C - the assessee cannot be held to be having ...

Assessee not liable for third-party entries; seized loose sheets inadmissible as evidence u/s 153C.

November 8, 2023

Case Laws Income Tax AT

Assessment u/s 153C - the assessee cannot be held to be having control over what the third person records in his regular books of accounts or in the parallel books of account. Here the seized documents are merely loose sheets not forming part of the books of account of the assessee and that they do not constitute admissible evidence and are to be merely discarded as dumb documents as there are no other corroborative material or evidence to link those documents. - AT

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Assessment u/s 153C - the assessee cannot be held to be having ...

Assessee not liable for third-party entries; seized loose sheets inadmissible as evidence u/s 153C.

November 8, 2023

Case Laws Income Tax AT

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