SC dismissed SLP against ruling that no addition by invoking sec. 153C if third party retracted from its statement

IT: SLP dismissed against High Court ruling that where addition was made to assessee's income by invoking provisions of section 153C on basis of document seized in course of search carried out in case of 'L' and later 'L' retracted his statement that said document belonged to assessee and, moreover, there were various internal inconsistencies and contradictions in document in question, impugned addition was to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/2FXqNeP