No addition on basis of material found during search on third party without proving it’s nexus with assessee

INCOME TAX : Where AO made additions to income of assessee on basis of certain material found and seized during search conducted upon a colleague of assessee and his wife showing that assessee had received an illegal commission of certain amount, since no incriminating material was found during search conducted upon assessee and, further,INCOME TAX : Where AO made additions to income of assessee on basis of certain material found and seized during search conducted upon a colleague of assessee and his wife showing that assessee had received an illegal commission of certain amount, since no incriminating material was found during search conducted upon assessee and, further,www.taxmann.com Latest Case LawsRead More

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