Addition cannot be made only on the basis of declaration made u/s 132(4) of IT Act, 1961


Last updated: 09 May 2023

Court :
ITAT Kolkata/Guwahati

Brief :
THE ITAT held that additions cannot be made only on the basis of declaration made under section 132(4) of the Income Tax Act, 1961 without any corroborating evidence to prove the addition.

Citation :
I.T .A. NOS . 219, 222 & 224/GAU/2019

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