INCOME TAX: SLP dismissed against High Court ruling that where Assessing Officer made addition to assessee’s income in respect of unexplained capital gain on transfer of shares on basis of documents seized during course of search of another person, since Assessing Officer failed to show nexus on basis of cogent material between documents seized and assessee, impugned addition was to be deletedINCOME TAX: SLP dismissed against High Court ruling that where Assessing Officer made addition to assessee’s income in respect of unexplained capital gain on transfer of shares on basis of documents seized during course of search of another person, since Assessing Officer failed to show nexus on basis of cogent material between documents seized and assessee, impugned addition was to be deletedwww.taxmann.com Latest Case LawsRead More
