2017 (2) TMI 1357

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....artha Dhaon, for appellant and Sri D.D. Chopra for respondent. 2. This appeal filed under Section 260A of Income Tax Act, 1961 (hereinafter referred to as 'Act, 1961'), has arisen from judgment and order dated 12.11.2013, passed by Income Tax Appellate Tribunal, Lucknow Bench 'A', Lucknow (hereinafter referred to as 'Tribunal') in ITA No.464/LKW/2010 relating to Assessment....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....held that in absence of corroborative evidence, no addition can be made. Further, it has been held in case of Mudit Verma that addition without establishing the nature and year of transactions and quantum of taxable income is not justified. It is also held that on the basis of dumb documents recovered during search, no addition can be made. In view of the above, the additions made of Rs. 3,33,000....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he provision by drawing presumption against Assessee. However, mere drawing of presumption does not mean that every document will result in some addition. For that purpose one has to mention as to the nature of document, nature and year of transaction, quantum as to how it should be treated, whether it is an investment, expenditure, income or earning, and unless all these things are clear, no addi....