This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough
Case Law Details
- Case Name
- DCIT Vs Karan Gupta (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Karan Gupta (ITAT Pune)
Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough
The Pune ITAT upheld the deletion of an addition of ₹4.02 crore made under section 153C on account of alleged cash “on-money” paid for purchase of land at Savargaon, holding that no addition can be sustained merely on the basis of third-party statements, loose papers and presumptions without independent corroborative evidence.
The assessee, one of the co-purchasers of Savargaon land from the Kokani family, was alleged to have paid ...
Author Info
