UNDISCLOSED INCOME ::
Last updated: 11 January 2008
Court :
HC
Brief :
Held by the Hon`ble Court that, loose papers themselves not indicating receipt of undisclosed income and in the absence of opportunity of cross examination, additions on the basis of entries on loose papers found during search not justified in law.
Citation :
C.I.T. Vs. S.C. Sethi
Income from undisclosed source
C.I.T. Vs. S.C. Sethi
03/10/2006
[2007] 295 ITR 351 (Raj)
Case Fact:
Whether, Additions on the basis of entries on loose papers found during search justified in law?
Decision:
Held by the Hon`ble Court that, loose papers themselves not indicating receipt of undisclosed income and in the absence of opportunity of cross examination, additions on the basis of entries on loose papers found during search not justified in law.
CA.Saibaburao Nanduri
Published in Income Tax
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