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Section 69A ::


Last updated: 13 October 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, section 69A applies only if assessee is found to be owner of money or things found and neither possession nor the ownership is proved by slips. Therefore addition is not justified in law.

Citation :
C.I.T. Vs. Ravi Kumar

Section 69A C.I.T. Vs. Ravi Kumar 07/16/2007 [2007] 294 ITR 78 (P&H) Case Fact: Whether, addition made on the basis of loose slips found during search is justified in law? Decision: Held by the Hon`ble Court that, section 69A applies only if assessee is found to be owner of money or things found and neither possession nor the ownership is proved by slips. Therefore addition is not justified in law.
 

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