AO can’t make sec. 69C addition merely relying on statement of partner without having evidence about unexplained exp.: ITAT

INCOME TAX : No addition under section 69C could be made only on basis of statement of partner of assessee firm recorded under section 131(1A) in absence of any other material found in form of cash, bullion, jewellery or document in any other form or asset or unexplained expenditureINCOME TAX : No addition under section 69C could be made only on basis of statement of partner of assessee firm recorded under section 131(1A) in absence of any other material found in form of cash, bullion, jewellery or document in any other form or asset or unexplained expenditurewww.taxmann.com Latest Case LawsRead More

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