Saturday, 24 May 2014

Addition upheld as seized unaccounted jewellery was claimed to have been received from parties not a

IT: Where in block assessment proceedings, assessee challenged addition on ground that certain jewellery was received from parties on credit, in view of fact that no entry was found in books of account maintained by assessee or party concerned regarding said transactions and, moreover, creditworthiness of said parties was also not proved, impugned addition was to be upheld


No comments:

Post a Comment