ITAT Chandigar Upholds Deletion of On-Money Additions Citing HBPL Precedent

DCIT Vs Rohit Gupta (ITAT Chandigarh) Summary : The appeals concern additions made by the Assessing Officer (AO) for Assessment Year 2022–23 on account of alleged on-money payments treated as unexplained investment under Section 69B. The revenue challenged the order of the CIT(A), who had deleted the additions. The Tribunal first addressed ITA No. 201/Chandi/2025, noting that the facts in both appeals were identical. A search under Section 132 was conducted on 16 November 2021 in the case of M/s Home Buildcon Pvt. Ltd. (HBPL). During the search, incriminating material was found indicating al...