Section 69 Addition on Alleged Cash in Property Deal Deleted – Third-Party Evidence Without Cross-Examination Insufficient

Veena Hiralal Mehta Vs DCIT (ITAT Mumbai) Addition u/s 69 for Alleged Cash Component in Property Purchase Deleted – Third-Party Pen Drive & Statements Without Cross-Examination Held Insufficient The ITAT Mumbai allowed the assessee’s appeals and deleted addition of ₹10 lakh made u/s 69 on alleged cash payment for purchase of shop in “Platinum Mall”. The AO had relied on search findings in Rubberwala Group, including a pen drive containing excel sheets and statements of an employee and promoter alleging cash components in shop sales. However, no incriminating material directly lin...