Undisclosed income of Co. admitted by Director during search operation not taxable in hands of Director: ITAT

INCOME TAX : Where post search operation upon company in which assessee was a director, assessee admitted certain undisclosed income of company on basis of incriminating material found and seized during search, since income/entries in such seized material belonged to company, impugned additions made in hands of assessee on account of such undisclosed income of company was unjustified and same was to be deletedINCOME TAX : Where post search operation upon company in which assessee was a director, assessee admitted certain undisclosed income of company on basis of incriminating material found and seized during search, since income/entries in such seized material belonged to company, impugned additions made in hands of assessee on account of such undisclosed income of company was unjustified and same was to be deletedwww.taxmann.com Latest Case LawsRead More

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