H. M. Constructions v. ACIT (2021) 431 ITR 196 (Karn)(HC)

S. 158BC : Block assessment – Document seized during search — Statutory presumption that document belongs to person from whose possession seized — Burden on person to rebut presumption — Document disclosing receipt of on-money-Addition is held to be justified [ S.132(4A) ]

Dismissing the appeal of the assessee the Court held that , when a  Document seized during search, statutory presumption that document belongs to person from whose possession seized .Burden on person to rebut presumption . On  facts document disclosing receipt of  on-money was found  therefore addition is held to be justified. (BP . 1-4-1991 to 29-5-2001)