Income surrendered in relation to hospital building construction by doctor was not unexplained investment u/s 69 liable to higher tax…
Surrender of income due to recovery of documents during survey can not be said to be voluntarily. ITAT upheld penalty…
Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s…
Statement recorded u/s 131 though binds the assessee cannot be independently used for making addition unless corroborated by evidences -…
Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction…
Distinction between statements us 132(4) and 133A explained by Delhi High Court. Quashing of reopening of concluded assessments of earlier…