Friday, October 4, 2019

No additions of AO failed to show nexus between doc. seized during search of third person and assessee

IT : Where Assessing Officer made addition to assessee's income in respect of unexplained capital gain on transfer of shares on basis of documents seized during course of search of another person, since AO failed to show nexus on basis of cogent material between documents seized and assessee, impugned addition was to be deleted

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