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Third-Party Statement Alone Can’t Sustain ₹63.75 Lakh Addition: ITAT Ahmedabad
Case Law Details
- Case Name
- Mahendra Manilal Shah Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Ahmedabad
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Mahendra Manilal Shah Vs ITO (ITAT Ahmedabad)
Addition based only on third-party statement sent back: ITAT restores appeal to CIT(A) for fresh decision
Ahmedabad ITAT set aside the order of the CIT(A), NFAC, and restored the matter to the file of the CIT(A) for de novo adjudication.
The dispute related to an addition of ₹63.75 lakh, which was confirmed by the CIT(A) on the basis of a third-party statement, without any independent material brought on record to establish that the Assessee had made any unexplained cash payment. The Assessee contended that the addition was made without dischar...
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