Additions Based on mere Third-Party Loose Papers Quashed by ITAT Pune

Mandar Rawool Vs ITO (ITAT Pune) Addition Based on Third-Party Loose Papers Set Aside: “Dumb Document” Cannot Justify Tax Demand The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of ₹6,00,000 allegedly made as cash payment for purchase of a flat, holding that the entire addition was based solely on a third-party loose sheet seized during search, which was nothing but a “dumb document”. The Tribunal noted that the impugned paper (Annexure-A6) seized from the premises of a builder group did not bear the assessee’s name, date, or clear particulars, and ev...