ACIT Vs KUBER KHADAYAN

Court: ITAT DELHI
Head Notes:

After distinguishing the judgment of Hon’ble Apex Court rendered in the case of B.Kishore 273 CTR 0468(Mad) affirmed by Apex Court. Hon’ble Bench of ITAT has held

a) statement recorded u/s 132(4) alone cannot be termed as incriminating material it should have nexus with incriminating material

b) No assessment can be framed on the basis of 3rd party. And decision of B Kishore is not relevant in such cases where statement of third parties have been used

Law:
Section(s): 132(4), 153A & section 68 of the Act
Counsel(s): PC YADAV
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Uploaded By PC YADAV
Date of upload: March 26, 2021

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