Sec 153C Cash Addition Deleted – Pen Drive & Third-Party Statements Without Cross-Examination Insufficient – ITAT Mumbai

Ishwarlal Javahara Ram Purohit Vs DCIT (ITAT Mumbai) Cash Component Addition U/s 153C Deleted – Pen Drive & Third-Party Statements Without Cross-Examination Held Insufficient – ITAT Mumbai Addition of ₹2 lakh alleged cash component paid for purchase of shop in Platinum Mall was made u/s 153C based on search in Rubberwala Group where pen drive, excel sheets & third-party statements suggested receipt of on-money. Tribunal observed that no incriminating material directly linking assessee (such as cash vouchers, receipts or signed documents) was found during search and AO rel...