Search Results Page
Search Results
1 - 10 of 25 (0.70 seconds)Section 292C in The Income Tax Act, 1961 [Entire Act]
Section 131 in The Income Tax Act, 1961 [Entire Act]
The Indian Evidence Act, 1872
Commissioner Of Income Tax vs M/S. Dhingra Metal Works on 4 October, 2010
27. In the present case, the assessing officer found nothing
incriminating to justify the addition of Rs. 22.25 Crore except the
confession made by the then director of the AssesseeCompany (which
has been retracted letter ) apart from a loose sheet. As discussed in the
above paras, the statement cannot be held as conclusive proof to make
an addition. Hence, the ratio laid down in the above decisions in the case
of CIT v. Dhingra Metal Works (supra) and Deputy Commissioner of
Income-tax, Circle-2(1) v. Bansal Credits Ltd, (supra) are applicable to the case
in hand.