Whether addition can be made on the basis of confidential information submitted before Settlement Commission without incriminating material found in search and seizure to support addition
Last updated: 21 March 2022
Court :
Jaipur Tribunal
Brief :
It is clear that confidential information submitted before Settlement Commission cannot be basis of addition in the assessment proceedings. The AO must have with him some incriminating materials in hand to substantiate addition made on the basis of information before the Settlement Commission during search and seizure process.
Citation :
ACIT v. Renu Sehgal (Smt.) (2019) 75 ITR 178 (Jaipur)(Tribunal)
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 428
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