Estimation of income without having any seized material or any material having corroborating evidence is bad in law


Last updated: 20 January 2021

Court :
ITAT Visakhapatnam

Brief :
These appeals by the Revenue and the cross objections by the assessee are directed against the separate orders of Commissioner of Income Tax (Appeals)-3, Visakhapatnam, both dated 30/06/2020 for the Assessment Years 2016-17 & 2017-18. Since facts and the issues are common in both the appeals, they are clubbed and heard together and disposed of by way of this consolidated order. 

Citation :
ITA 184/VIZ/2020

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