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ITAT Deletes Additions Based Solely on Third-Party Seized Tally Data
Case Law Details
- Case Name
- Surya Prakash Kacham Vs DCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Hyderabad
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Surya Prakash Kacham Vs DCIT (ITAT Hyderabad)
Income Tax Appellate Tribunal Deletes Additions Based Solely on Third-Party Seized Tally Data & Unsigned JDA Entries
Hyderabad ITAT Deletes Additions Based on Third-Party Tally Data – Unsigned JDA Entries & No Cash Trail, No Tax u/s 56
The Hyderabad ITAT deleted additions of ₹50 lakh and ₹3.49 crore made u/s 56, holding that mere Tally data and loose documents seized from the premises of a developer cannot justify additions in the hands of the assessee without independent corroborative evidence. The Tribunal noted t...
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