Shree Chalthan Vibhag Khand Udyog ... vs Income Tax Officer on 31 August, 2005
Equivalent citations
squarely came under the definition of Cooperative Bank,that it was carrying on
banking business as per its own confession,that it had share capital
confession has played an important part in
implicating the appellant, and the question at once arises, how far
and in what way the confession ... confession of a co-accused is obviously
evidence of a very weak type. It does not indeed come within the
definition of "evidence
confession has played an important part in
implicating the appellant, and the question at once arises, how far
and in what way the confession ... confession of a co-accused is obviously
evidence of a very weak type. It does not indeed come within the
definition of "evidence
oath u/s 131 of the IT Act in wherein he has confessed that only
one unit is running from assessee's factory premises ... ADIT, Jammu and confessed by Works
Manager in his statement under Oath and the discussion on the definition of
industrial Undertaking, it can be observed
confess, I am not able to understand the department's logic.
13. Silicones were listed in 15A even before 1982, and definition does
invoices not in the name of appellant is not concerned, he is confessing only the denial of cenvat credit in respect of the capital goods ... used for meter protection and safety of transformer and generator, that the definition of capital goods as given in Rule 57Q of the Central Excise
concerned assessee s while filing returns
of income. In these circumstances, on confessions during the course of search and
seizure and survey operations ... held as under :
"thus, unless the definition of 'net wealth' r/w the definition of 'asset' as provided
does not fall in the definition of undisclosed income as
per explanation to Section 271AAB of the Act. The ld. AR of the
assessee ... which Board
has expressed its concern about the practice of confession of additional
income during the course of search and seizure proceedings and,
therefore, clarified
Punjab 1957 SC 637 wherein it has been held that a confession of an accused would need corroboration to convict the accused. Ld. counsel further ... Section 158B(b) of the I.T. Act. Ld. counsel argued that definition of undisclosed income given under Section 158B(b) is inclusive and since