Tax Assessment Cleared: No Evidence of Unrecorded Cash Payments Found in Patel/Patni Group Investigation. No Additions Made.

Tax Assessment Cleared: No Evidence of Unrecorded Cash Payments Found in Patel/Patni Group Investigation. No Additions Made. https://www.taxtmi.com/highlights?id=60239 Unexplained investments - There is no positive and credible evidence brought on record by the revenue to establish the allegation of cash payment over and above the investment recorded in the books. Neither the search party has found any incriminating material in the course of search on Patel/Patni group nor the Assessing Officer has brought any material/evidence on record in the course of assessment proceedings. Even no adversities or defects have been found in the evidences in the form of Due Dilignence Report, MOU, share transfer forms, share certificates, etc. furnished by the appellant has been pointed out. - No additions - AT en-us Mon, 25 Oct 2021 18:34:26 +0530 Mon, 25 Oct 2021 18:34:26 +0530 TaxTMI RSS Generator Tax Assessment Cleared: No Evidence of Unrecorded Cash Payments Found in Patel/Patni Group Investigation. No Additions Made. https://www.taxtmi.com/highlights?id=60239 Unexplained investments - There is no positive and credible evidence brought on record by the revenue to establish the allegation of cash payment over and above the investment recorded in the books. Neither the search party has found any incriminating material in the course of search on Patel/Patni group nor the Assessing Officer has brought any material/evidence on record in the course of assessment proceedings. Even no adversities or defects have been found in the evidences in the form of Due Dilignence Report, MOU, share transfer forms, share certificates, etc. furnished by the appellant has been pointed out. - No additions - AT Highlights Income Tax Mon, 25 Oct 2021 18:34:26 +0530 https://www.taxtmi.com/highlights?id=60239