Dy. CIT, Hyderabad Versus Sri Bharat Kumar Agarwal - Income Tax - ITAT HYDERABAD - Tri - Assessment u/s 153A Whether addition can be made on basis of certain notings made on loose sheets seized during search - Held that - AO should bring other cogent and corroborative evidence on record to establish that the notings in loose sheets actually represent undisclosed income - The assessee as well as Sri Jitender Kedia in their statements stated that an amount of Rs.2 crores was advanced to Sri Jite................................... Income Tax - Case Laws
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