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1 - 4 of 4 (0.37 seconds)Section 260A in The Income Tax Act, 1961 [Entire Act]
Mahavir Woollen Mills Assessee vs Commissioner Of Income-Tax on 11 July, 2000
In Mahavir Woolen Mills (supra) case, during the course of search and seizure proceedings, certain slips were found, which, the Assessing Officer concluded, contained details of payment beyond those which were made by cheques and drafts and were duly reflected in the books of accounts. The assessed's stand before the Tribunal was that the documents were "dumb documents" which did not contain full details about the dates of payment and its contents were not corroborated by any material and could not be relied upon and made the basis of addition. The Tribunal considered this aspect and observed that on comparison of the seized documents and ledger accounts of the parties, the seized documents could not be regarded as "dumb documents".
Section 131 in The Income Tax Act, 1961 [Entire Act]
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