Section 69A ::

Last updated: 13 October 2007

Save Share

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.

217 Views Comment Share Income Tax Report

Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

View Judgements

Comments