UNDISCLOSED INCOME ::

Court :
HC

Brief :
Held by the Hon`ble Court that, loose papers themselves not indicating receipt of undisclosed income and in the absence of opportunity of cross examination, additions on the basis of entries on loose papers found during search not justified in law.

Citation :
C.I.T. Vs. S.C. Sethi

Income from undisclosed source C.I.T. Vs. S.C. Sethi 03/10/2006 [2007] 295 ITR 351 (Raj) Case Fact: Whether, Additions on the basis of entries on loose papers found during search justified in law? Decision: Held by the Hon`ble Court that, loose papers themselves not indicating receipt of undisclosed income and in the absence of opportunity of cross examination, additions on the basis of entries on loose papers found during search not justified in law.

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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

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