Unsigned Excel Sheet without Corroboration Fails as Evidence in S. 153C Income Tax Proceedings: Gujarat HC dismisses Revenue’s Appeal [Read Order]
The court identified fallacies in the revenue's argument presented by the, stating insufficient grounds for proceedings against the assessee based solely on the developer's tax payment related to the excel sheet
By Navasree A.M - On July 8, 2024 12:49 pm - 2 mins read
The Gujarat High Court dismissed the appeal filed by the revenue citing that there is no base for initiating proceedings under Section 153C of the Income Tax Act. The court stated that an unsigned excel sheet without corroborative evidence fails as evidence. The bench of Chief Justice Sunita Agarwal and Justice Aniruddha P. Mayee observed…
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