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Section 69 Addition on Alleged Cash in Property Deal Deleted – Third-Party Evidence Without Cross-Examination Insufficient
Case Law Details
- Case Name
- Veena Hiralal Mehta Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Mumbai
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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 mate...
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