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UNDISCLOSED INCOME ::

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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.
 

CA.Saibaburao Nanduri
on 11 January 2008
Published in Income Tax
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