Survey Findings Alone Insufficient for Assessment Additions Under Unexplained Investment Section 69; Section 133A(3)(iii) Term "May" Not Definitive.

Survey Findings Alone Insufficient for Assessment Additions Under Unexplained Investment Section 69; Section 133A(3)(iii) Term "May" Not Definitive. https://www.taxtmi.com/highlights?id=37231 Unexplained investment u/s 69 - The materials found in the course of survey could not be the basis for making any addition in the assessment. The word “may” used in section 133A(3)(iii) makes it clear that the material collected and statement recorded during the survey u/s 133A are not conclusive piece of evidences by itself. - AT en-us Wed, 20 Dec 2017 13:04:15 +0530 Wed, 20 Dec 2017 13:04:15 +0530 TaxTMI RSS Generator Survey Findings Alone Insufficient for Assessment Additions Under Unexplained Investment Section 69; Section 133A(3)(iii) Term "May" Not Definitive. https://www.taxtmi.com/highlights?id=37231 Unexplained investment u/s 69 - The materials found in the course of survey could not be the basis for making any addition in the assessment. The word “may” used in section 133A(3)(iii) makes it clear that the material collected and statement recorded during the survey u/s 133A are not conclusive piece of evidences by itself. - AT Highlights Income Tax Wed, 20 Dec 2017 13:04:15 +0530 https://www.taxtmi.com/highlights?id=37231