THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , GUNTUR vs. PARUCHURU SATISH KUMAR(HUF), GUNTUR
In the result, appeals filed by the Revenue and the cross objections filed by the assessee are dismissed
ITA 698/VIZ/2019[2015-16]Status: DisposedITAT Visakhapatnam23 Nov 2020AY 2015-16
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
For Appellant: Shri M.V. Prasad, CAFor Respondent: Shri D.K.Sonawal, CIT DR
Section 131Section 132Section 132(4)
197 are extracted below for kind consideration of the Hon'ble Court
“If there is no corroborating documentary evidence, then statement recorded under section 132(4) of the Income tax Act, 1961, alone should not be the basis, or arriving at any adverse decision against the assessee. If the authorities under the Income tax Act, 1961, have to be conferred
