ITAT Mumbai: No Addition U/s 69 on Alleged “On-Money” Without Evidence or Cross-Examination

Geetadevi Jabararam Purohit Vs DCIT (ITAT Mumbai) In this case , the ITAT Mumbai dealt with additions made under Section 69 based on alleged cash payments (“on-money”) for purchase of commercial property, arising from a search in the Rubberwala Group. The AO made additions relying solely on third-party statements and excel sheet data seized from the developer group, alleging that the assessee paid cash over and above the agreement value. The assessee consistently denied any such payment and argued that no incriminating material was found from her possession, nor were the relied-upon statem...