Addition Based on Director's Statement in Section 153A Assessment Invalid Without Incriminating Documents Found at Assessee's Premises.

Addition Based on Director's Statement in Section 153A Assessment Invalid Without Incriminating Documents Found at Assessee's Premises. https://www.taxtmi.com/highlights?id=69937 Assessment u/s 153A - addition was made based on the statement of director of investing companies recorded in an independent proceedings u/s 132/133A/131(1) and the finding of inquiry or investigation was carried in case of investing companies without referring to incriminating document found from the premises of the assessee in this regard which would have made basis for the addition in the assessment. - No additions - AT en-us Wed, 24 May 2023 12:38:24 +0530 Wed, 24 May 2023 12:38:24 +0530 TaxTMI RSS Generator Addition Based on Director's Statement in Section 153A Assessment Invalid Without Incriminating Documents Found at Assessee's Premises. https://www.taxtmi.com/highlights?id=69937 Assessment u/s 153A - addition was made based on the statement of director of investing companies recorded in an independent proceedings u/s 132/133A/131(1) and the finding of inquiry or investigation was carried in case of investing companies without referring to incriminating document found from the premises of the assessee in this regard which would have made basis for the addition in the assessment. - No additions - AT Highlights Income Tax Wed, 24 May 2023 12:38:24 +0530 https://www.taxtmi.com/highlights?id=69937