Alleged Cash On-Money Addition Deleted – Third-Party Pen Drive & Statements Without Cross-Examination or Direct Evidence Insufficient – ITAT Mumbai

Chetan Mafatlal Chopra Vs DCIT (ITAT Mumbai) Alleged Cash “On-Money” Addition Deleted – Third-Party Pen Drive & Statements Without Cross-Examination or Direct Evidence Held Insufficient – ITAT Mumbai he assessee challenged additions made u/s 153C alleging payment of cash component over and above registered consideration for purchase of a shop in Platinum Mall. The addition was based on search proceedings on the Rubberwala Group where a pen drive, excel sheets and statements of a third-party employee indicated receipt of cash in property transactions. The AO treated ₹12,04...