Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case
Bogus Purchase Addition: Assessee gave no input & so there was no way to determine a gross profit – Entire amount deemed unexplained
Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a Bogus Purchase Case
Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle
Whether “leaving India for the purpose of employment” includes person who left India for search of Employment?