Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]
Gauhati HC quashes Rs. 4.23 crore Income Tax addition ruling retracted statement alone is not incriminating evidence under Section 153A of the Income Tax Act
By Kavi Priya - On March 14, 2025 3:45 pm - 2 mins read
In a recent ruling, the Gauhati High Court held that a retracted statement alone cannot be treated as incriminating evidence under Section 153A of the Income Tax Act and quashed the Rs. 4.23 crore addition made to the assessee’s income. The case arose when the Principal Commissioner of Income Tax (PCIT) challenged an order by the Income Tax Appellate…
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