Unsigned Excel Sheet without Corroboration Fails as Evidence in S. 153C Income Tax Proceedings: Gujarat HC

In a recent decision, the Gujarat High Court ruled that an unsigned Excel sheet, lacking corroboration, cannot serve as evidence in Section 153C income tax proceedings. The court dismissed the Revenue's appeal, emphasizing the importance of authenticated and corroborated evidence for tax assessments. The case underscores the necessity for reliable documentation in tax proceedings to substantiate claims effectively.