S.K. Jain,Faridabad vs Acit, Circle- 24(1), New Delhi on 7 May, 2025
ITO vs. Alok Mangal 35 CCH 58 (Del)
Xander Advisors India Ltd. vs. ACIT 153 ITD 528(Del)
Computation of undisclosed income vis-à-vis presumption under s. 132(4A)--
Having once drawn the presumption that the contents of the documents (of the
assessee) taken into possession during the search were true, the Revenue could
not have consistently with that presumption, proceeded require the assessee to
produce materials in support of the expenditure entries--Assessee was
therefore entitled to deduction under s. 37(1)--CIT vs. Indeo Airways P.
Ltd. 79 DTR 289