The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the department cannot make addition merely on the basis of the statement made by the Director of the Company during the search proceedings. During the course of search proceedings under section 132 of the Income Tax Act, the department recorded the statement […]
The post Addition can’t be made on sole basis of Statement of Director during Search: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/39ZSYnJ
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