Tag Archives: Principal Commissioner of Income-tax Central-2 New Delhi v. Phonenix Datatech Services (P.) Ltd.

No addition on basis of loose papers recovered during search of third parties

By | January 24, 2017

Held In the present case, the solitary basis for addition of over Rs. 1.67 crores was the chart recovered from the premises of Mr. B. K. Dhingra. Whatever be the facial indications, one thing is apparent i.e. that it revealed some amounts were paid by the third parties. The details of cheques and other particulars… Read More »