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Income Tax

Section 69 Addition Deleted as Seized Loose Sheet Lacked Corroborative Evidence

Case Law Details

Case Name
ACIT Vs Rutuja Projects (ITAT Hyderabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2019-20
Advertisement ACIT Vs Rutuja Projects (ITAT Hyderabad) Revenue’s Appeal Dismissed Because No Evidence Proved On-Money Payment for Property Purchase; Section 69 Addition Set Aside Because Registered Sale Deeds Were Not Disproved by Independent Evidence; Unexplained Investment Addition Deleted Because Same Seized Document Was Already Held to Be a Dumb Document; ITAT Upholds Deletion of On-Money Addition Because Revenue Produced No Independent Material; Property Purchase Addition Deleted Because Seized Paper Could Not Override Registered Documents; ITAT Affirms Relief Because Alleged On-...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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