Tag Archives: IT APPEAL NO. 357 OF 2010

No Addition of undisclosed income if corroborative evidence not available : HC

By | March 20, 2020

As, Section 132(4A) of the Act provides that any books of account, documents, money, bullion, jewellary or other valuable articles or things found in possession or in control of any person in course of search may be presumed to be belonging to such person, and further, contents of such books of account and documents are… Read More »

Additions of undisclosed income can not be made on presumption without corroborative evidence : HC

By | March 14, 2020

  HIGH COURT OF ALLAHABAD Ajay Gupta v. Commissioner of Income-tax BHARATI SAPRU AND ROHIT RANJAN AGARWAL, JJ. IT APPEAL NO. 357 OF 2010 NOVEMBER  13, 2019 Parv Agarwal, for the Appellant. Krishna Agarwal and Shubham Agarwal, for the Respondent. ORDER Rohit Ranjan Agarwal, J. – This appeal under Section 260-A of the Income Tax Act has been filed by the assessee challenging… Read More »