Loose Slip Not Linked- Rs. 43.71 Cr Section 69C Addition Deleted as Dumb Document

ACIT Vs United Farm Product Pvt. Ltd. (ITAT Agra)

Loose Slip, No Signature, No Case-  No Business, No Income, No 69C – Search Loose Sheet Not Linked to Assessee-  Dumb Document Can’t Create Tax: ITAT Agra Deletes ₹43.71 Cr 69C Addition

Revenue appealed deletion of addition of ₹43,71,37,934/- made by AO u/s 69C, alleging unexplained cash expenditure for construction of Assessee’s Mewat plant based solely on certain loose slips & WhatsApp chats found during search in HMA Group.

Tribunal noted that t

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