{"id":26962,"date":"2022-05-17T18:33:29","date_gmt":"2022-05-17T13:03:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&p=26962"},"modified":"2022-05-19T05:51:15","modified_gmt":"2022-05-19T00:21:15","slug":"document-found-during-income-tax-search-which-is-not-accepted-by-asseesee","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/document-found-during-income-tax-search-which-is-not-accepted-by-asseesee\/","title":{"rendered":"DOCUMENT FOUND DURING INCOME TAX SEARCH WHICH IS NOT ACCEPTED BY ASSEESEE"},"content":{"rendered":"
    \n
  1. DURING THE COURSE OF SEARCH AT ASSESSEE’S PREMISE (LET SAY ABC PVT LTD BEING A JEWELLER), CERTAIN INFORMATION WAS EXTRACTED FROM COMPUTER\/HARDISK SEIZED WHEREIN IT WAS MENTIONED IN EXCEL FILE\u00a0 – DETAILS OF OTHER PERSON (SAY XYZ), HIS ADDRESS, DATE OF CASH RECEIPT FROM XYZ FOR PURCHASE OF JEWELRY. IT WAS A EXCEL DOCUMENT AND DID NOT CONTAIN ANY SIGNATURE.<\/li>\n<\/ol>\n

    2. CONSIDERING THE ABOVE EXCEL FILE EXTRACTED AS INCRIMINATING MATERIAL PERTAINING TO OTHER PERSON (XYZ), ASSESSMENT PROCEEDINGS U\/S 153(C) WERE UNDERTAKEN OF XYZ. XYZ HAD CLEARLY DENIED SUCH INFORMATION AND TAKEN STAND THAT HE HAS NOT PURCHASED ANY SUCH JEWELRY AND NOT PAID ANY SUM IN CASH TO ABC PVT LTD.\u00a0 THE ASSESSEE HAS NO OTHER STAND OR DOCUMENTARY PROOF TO PROVE HE HAS NOT PURCHASED SUCH JEWELRY.<\/p>\n

    3. THE ITO HAS REJECTED THE GROUND AND MADE ADDITION AS UNEXPLAINED INVESTMENT IN HANDS OF XYZ.<\/p>\n

    4. IS ACTION OF ITO JUSTIFIED. WHAT STAND OR JUDGEMENTS ARE IN FAVOUR OF ASSESSEE FOR FILING APPEAL AGAINST THE ASSESMENT ORDER.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[515],"qa_category":[23],"qa_tag":[591,113,202],"class_list":["post-26962","qa","type-qa","status-publish","hentry","qa_expert-dr-k-shivaram-senior-advocate","qa_category-income-tax","qa_tag-documents","qa_tag-search-and-seizure","qa_tag-search-assessment"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/26962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26962"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26962"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=26962"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=26962"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=26962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}