Section 153A Assessment: Seized Records Hold Key Evidence Despite Lack of Direct Proof in Unexplained Cash Loan Case.

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....Assessment u/s 153A - Unexplained cash loan - merely in absence of the direct evidence the prime and important evidence cannot be put aside and the department cannot take a different view than what is written in the seized records. The seized records evidently clear, the purpose of advance, name of broker, name of person paying and the date and amount paid is clearly written. - AT....