Addition U/s 69 for Alleged On-Money Deleted – Third-Party Statements & Pen-Drive Data Without Cross-Examination Held Invalid – ITAT Mumbai

Jalaram Tararam Purohit Vs ACIT (ITAT Mumbai) Addition u/s 69 for Alleged On-Money Deleted – Third Party Statements & Pen-Drive Data Without Cross Examination Not Valid Evidence – ITAT Mumbai AO made addition u/s 69 alleging cash “on-money” payment for shop purchase based on statements of builder group employees and excel/pen-drive data found during search in third party premises. Assessee denied any cash payment and contended that entire consideration was paid by cheque as per agreement. CIT(A) confirmed addition. ITAT held that addition cannot be sustained merely on third-party s...