VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE -05 , DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

Section 132(4) may have evidentiary value; 6 ITA-5515/Del/2025 & 13 others  However, once retracted, it cannot be relied upon in isolation;  The Assessing Officer must examine the explanation with reference to books of account;  Addition based solely on a retracted statement without corroboration is not tenable. The Court specifically observed that even where retraction is delayed

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\n➤ Addition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Section 132(4) may have evidentiary value;\nHowever, once retracted, it cannot be relied upon in isolation;\nThe Assessing Officer must examine the explanation with\nreference to books of account;\nAddition based solely on a retracted statement without\ncorroboration is not tenable.\nThe Court specifically observed that even where retraction is delayed,\nthe AO is not absolved from examining

ACIT, CENTRAL CIRCLE- 30, NEW DELHI vs. PARKASH INDUSTRIES LTD, HISAR

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized

PRAKASH INDUSTRIES LTD.,NEW DELHI vs. ACIT, CC- 30,, NEW DELHI

Bench: Shri Amit Shukla & Shri B.R.R. Kumar

Section 153 C of the Act but in relation to Section 153A of the Act as well.Consequently, this Court does not find any error having been committed by the ITAT in accepting the plea of the Assessee that there is no 64 I.T.As. No.4039, 4040, 4041, 4042, 4043, 4064, 4065, 4066, 4067, 4068, 4069, 4070/DEL/2017 incriminating document which was seized