assessee and Naihati Jute Mills Co. on the basis of such
unsigned MoU and, therefore, there is no obligation or liability on the part ... assessee all those amounts mentioned in the unsigned MoU
nor the assessee is entitled to claim from the company all those amounts mentioned
in that
search for
invoking section 153 C of the Act. The unsigned MOU between
SR Resorts Pvt. Ltd and M/s Kouton Retails Pvt. Ltd.
(Searched
price by the sellers from third parties.
Nothing turns on such unsigned MoU. The Ld. Counsel forr the assessee thus,
thus
submitted that even
price by the sellers from third parties.
Nothing turns on such unsigned MoU. The Ld. Counsel for the assessee
4|Page
ITA No.5652
153C of the Income Tax Act, 1961 on the basis of unsigned MoU seized during
3 ITA No. 3487/Del/2014
the course of search ... said to 'belong to' the assessee and being unsigned
MoU, no proceedings u/s 153C of the Act can be initiated against
termed as incriminating documents. Page No. 21-25 and 26 are
unsigned MOU between Subodh Kumar Gupta and Raj Kumar Chawla as
guarantee for transferring
Mitsui And Co. Ltd. vs Assistant Commissioner Of Income Tax ... on 8 February, 2008
Equivalent
INFRASTRUCTURE LTD.
I. ADDITION BASED ON LOOSE SHEETS; BLANK,
UNSIGNED, INCORRECT, DRAFT, SELF CREATED MOU;
UNCONNECTED DOCUMENTS WHICH EVEN FAIL TO
MENTION NAME OF ASSESSEE ... that the documents relied
upon are loose sheets; blank, unsigned, incorrect, draft,
self-created MOU; unconnected documents which even fail
to mention name of assessee
INFRASTRUCTURE LTD.
I. ADDITION BASED ON LOOSE SHEETS; BLANK,
UNSIGNED, INCORRECT, DRAFT, SELF CREATED MOU;
UNCONNECTED DOCUMENTS WHICH EVEN FAIL TO
MENTION NAME OF ASSESSEE ... that the documents relied
upon are loose sheets; blank, unsigned, incorrect, draft,
self-created MOU; unconnected documents which even fail
to mention name of assessee
assessee is that he has
not purchased any land. The alleged MoU is a document
exhibiting the negotiation of the purchase of land ... cash by the
assessee particularly because the MoU as well as the
receipt in question were unsigned documents and the
transaction had not materialized
