Court Upholds Tax Additions Based on Seized Documents u/s 132(4A) of Income Tax Act; Partner Linked to Cash Receipts.

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....Addition - presumptions u/s 132(4A) - this is not a case where the additions are made on the basis of mere loose papers seized during search. It is a case where the documents seized during search contained entries made by the partner of the firm admittedly in his own handwriting and contained reference to the cash receipts - Additions confirmed - HC....