https://www.taxtmi.com/caselaws?id=351033 ITAT Mumbai held that an assessment under section 153C was valid because search yielded a register recording surgeries and cash receipts, and the director's oath statement admitted unaccounted income; the assessee offered no effective rebuttal when confronted with the seized material. The addition of undisclosed income was also sustained because it rested on corroborated search evidence and not on a bare confession alone. The later letter did not constitute a full retraction, as it only disputed quantum and did not negate the disclosure of unaccounted receipts and cash payments. The assessee's jurisdictional challenge and cross objection failed, while the Revenue's appeals succeeded. en-us Wed, 15 Nov 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351033 ITAT Mumbai held that an assessment under section 153C was valid because search yielded a register recording surgeries and cash receipts, and the director's oath statement admitted unaccounted income; the assessee offered no effective rebuttal when confronted with the seized material. The addition of undisclosed income was also sustained because it rested on corroborated search evidence and not on a bare confession alone. The later letter did not constitute a full retraction, as it only disputed quantum and did not negate the disclosure of unaccounted receipts and cash payments. The assessee's jurisdictional challenge and cross objection failed, while the Revenue's appeals succeeded. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351033