| COURT: | Madras High Court |
| CORAM: | R. Karuppiah J, R. Sudhakar J |
| SECTION(S): | 153A, 153C |
| GENRE: | Domestic Tax |
| CATCH WORDS: | admission of undisclosed income, Loose papers |
| COUNSEL: | B. Ramana Kumar |
| DATE: | November 3, 2014 (Date of pronouncement) |
| DATE: | November 12, 2014 (Date of publication) |
| AY: | 2001-2002 to 2007-2008 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Admission of undisclosed income by assessee constitutes good evidence. Loose sheets found during search can be relied upon | |
(i) With regard to the undisclosed income of Rs.52,73,920/- supported by printouts, in the sworn statement dated 29.8.2006, the assessee says that he had separate business income which was not included in his income tax returns. Therefore, admission of undisclosed …
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