Easy Office

Section 69A - Unexplained Money, etc.


Last updated: 04 November 2008

Court :
Punjab and Haryana High Court

Brief :
Whether addition made on the basis of loose slips found during search is justified in law?

Citation :
C.I.T. Vs.Ravi Kumar 16/07/2007 [2007] 294 ITR 78

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

Devendra
Published in Income Tax
Views : 67
Share Report Abuse


Comments

CAclubindia's WhatsApp Groups Link


Other Latest Judgments

View More Judgments »



Easy Office

Trending Online Classes

view all classess
CCI Pro

Browse by Category