No 65B Certificate, No Case: Bombay HC Quashes Cash Addition Based on Mobile Notes

Vikas Jain Vs DCIT (ITAT Delhi) ITAT Delhi Nixes 153C Addition: No 65B Certificate, No Case- Seized Mobile Image Fails Legal Test -Cash Addition Based on Phone Scribble Quashed ITAT Delhi set aside an addition of ₹24,50,000 made u/s 69C in the case of Vikas Jain pursuant to proceedings initiated u/s 153C on the basis of an image retrieved from the mobile phone of a searched person belonging to Seven Seas Hospitality Pvt Ltd. AO had treated the scribbled noting as evidence of cash paid for a marriage function and, relying on cheque payment of ₹6,07,500, presumed balance cash of ₹24,50,000...