https://www.taxtmi.com/caselaws?id=240532 An unsigned draft agreement found during survey, without examination of the scribe or witnesses and without the inquiry being carried to its logical end, was treated as insufficient proof of an executed transaction. The first appellate authority and the Tribunal relied on surrounding factual circumstances, including separate dealings with third parties and the limited nature of the transaction with United Special Ispat Limited, to hold that the draft agreement was only a starting point for inquiry. In the absence of supporting evidence, those factual findings were not perverse and the addition made by the Assessing Officer was left undisturbed. en-us Wed, 06 Nov 2013 00:00:00 +0530 Fri, 06 Dec 2013 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240532 An unsigned draft agreement found during survey, without examination of the scribe or witnesses and without the inquiry being carried to its logical end, was treated as insufficient proof of an executed transaction. The first appellate authority and the Tribunal relied on surrounding factual circumstances, including separate dealings with third parties and the limited nature of the transaction with United Special Ispat Limited, to hold that the draft agreement was only a starting point for inquiry. In the absence of supporting evidence, those factual findings were not perverse and the addition made by the Assessing Officer was left undisturbed. Case-Laws Income Tax Wed, 06 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240532