Sale Deed Alone Cannot Justify Tax Addition as It Is Not Incriminating Material: ITAT Delhi

Advertisement DCIT Vs Mehfooz Khan (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, dismissed the Revenue’s appeal and upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] deleting additions made under Sections 69 and 153A of the Income-tax Act for Assessment Year 2018-19. The Tribunal held that the additions were not supported by incriminating material found during the search. The case arose from a search and seizure operation conducted under Section 132 in the Tyagi Group on 16 May 2018, during which the assessee was also covered. Following the search, ...