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₹10 Lakh Addition Deleted Over Weak Cash Payment for Flat Evidence: Pune ITAT
Case Law Details
- Case Name
- Ashutosh Pandurang Patil Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
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Ashutosh Pandurang Patil Vs ITO (ITAT Pune)
Pune ITAT Deletes ₹10 Lakh Addition for Alleged Cash Payment on Flat Purchase – Truncated Seized Document & Uncorroborated Statement Have No Evidentiary Value
The Pune ITAT deleted the addition of ₹10 lakh made on account of an alleged cash payment for the purchase of a flat, holding that the Revenue had failed to establish that any cash consideration had actually passed from the assessee to the builder. The assessee consistently denied making any cash payment and produced the registered sale agreement, housing loan sanction letter, ban...
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