₹1.44 Cr Cash Salary Addition Restored as CIT(A) Ignored Search Evidence: ITAT Delhi

Advertisement DCIT Vs ECR Buildtech Pvt. Ltd. (ITAT Delhi) The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) allowed the Revenue’s appeal against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year 2021-22, restoring an addition of ₹1,43,95,419 made by the Assessing Officer (AO) on account of alleged unexplained salary paid in cash. The assessee, engaged in the business of construction and infrastructure activities, was subjected to a search and seizure operation under Section 132 on 10.01.2023. During the search, loose papers and other docum...