Saturday, 1 March 2014

Post-dated cheque from investee as security for a committed future profit can't be taxed without act

IT : Where Assessing Officer on basis of a letter seized from premises of one 'C' made certain addition in income of assessee, since 'C' clarified position that said letter had no relation whatsoever with assessee, there was no scope for making any addition in hands of assessee


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