No Proof of On-Money, ₹1.52 Cr Buyer Addition Deleted

ITO Vs Deepak Kumar (ITAT Chandigarh) When Seller’s Addition Falls, Buyer’s 69 Addition Can’t Survive:; Buyer Can’t Be Taxed on Extrapolated Rate: ITAT Chandigarh Deletes ₹1.52 Cr Addition The Chandigarh Bench “A” of the ITAT, vide order dated 30.12.2025 in ITO, Ludhiana v. Shri Deepak Kumar (Khurana Agro Industries) (ITA No.721/Chd/2025 & CO No.33/Chd/2025, AY 2019-20), dismissed the Revenue’s appeal and allowed the assessee’s cross-objection, thereby deleting the addition of ₹1.52 crore made u/s 69 r.w.s. 115BBE on account of alleged unexplained investment in purchase...