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ITAT Mumbai Quashed Section 69 On-Money Additions for Natural Justice Breach

Case Law Details

Case Name
Bhavesh Harjiram Solanki Vs DCIT (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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Bhavesh Harjiram Solanki Vs DCIT (ITAT Mumbai) Section 69 On-Money Additions in 153C Assessments Quashed for Violation of Natural Justice: ITAT Mumbai Follows Manish Mali Line The Mumbai ITAT (“B” Bench) allowed the assessee’s appeals for AYs 2017-18, 2018-19 and 2019-20 and deleted additions made under section 69 on account of alleged cash “on-money” paid for purchase of a shop in Platinum Mall project of the Rubberwala Group. The additions were made in proceedings under section 153C r.w.s. 143(3) solely on the basis of statements recorded during search on the Rubberwala Group, wher...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,641

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