{"id":190,"date":"2022-12-14T13:05:32","date_gmt":"2022-12-14T13:05:32","guid":{"rendered":"https:\/\/caalokkumar.com\/my-writing\/?p=190"},"modified":"2022-12-14T13:05:32","modified_gmt":"2022-12-14T13:05:32","slug":"search-seizure-alleged-unrecorded-sale","status":"publish","type":"post","link":"https:\/\/caalokkumar.com\/my-writing\/search-seizure-alleged-unrecorded-sale\/","title":{"rendered":"Search &amp; Seizure &#8211; Alleged unrecorded sale"},"content":{"rendered":"\n<p>Decision- Assessing Officer having not pointed out any evidence recovered from the premises of the assessee company which would indicate that the assessee company was engaged in either making parallel invoices or under -invoicing or making sales outside regular books of account. AO was not justified making addition on account of additional net profit earned from alleged unrecorded sales solely on the basis of parallel invoices recovered from the residence of the ex-president of the company who had left the company three years before the search operation and is stated to have stolen certain documents of the company, and the statements of some third parties who were not allowed to be cross-examined by the assessee despite specific request by the assessee.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-14-at-6.29.49-PM-1-1024x550.png\" alt=\"\" class=\"wp-image-199\" srcset=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-14-at-6.29.49-PM-1-1024x550.png 1024w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-14-at-6.29.49-PM-1-300x161.png 300w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-14-at-6.29.49-PM-1-768x413.png 768w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-14-at-6.29.49-PM-1.png 1366w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Search &amp; Seizure &#8211; Alleged unrecorded sale<\/figcaption><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Search &#038; Seizure &#8211; Alleged unrecorded sale<\/p>\n","protected":false},"author":1,"featured_media":197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,14,4],"tags":[38,36,6,15,37],"class_list":["post-190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-direct-tax","category-income-tax","category-income-tax-act-1961","tag-ca-alok-kumar","tag-financebill","tag-income-tax-appellate-tribunal","tag-income-tax-act","tag-taxplanning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Search &amp; Seizure - Alleged unrecorded sale - CA ALOK KUMAR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/caalokkumar.com\/my-writing\/search-seizure-alleged-unrecorded-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Search &amp; 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