Addition u/s 69A merely based on unsigned agreement is unsustainable

Advertisement Anil Bala Goyal Vs DCIT (ITAT Delhi) ITAT Delhi held that addition under section 69A of the Income Tax Act merely on the basis of agreement which is not even signed without any corroborative material is unsustainable in law. Facts- It is the contention of AO that the incriminating material clearly revealed that the assessee has made payment of own money for purchase of shop no. 385 in the Habitat Centre Indirapuram, Ghaziabad therefore the addition may kindly be sustained. Whereas, the assessee contends that any addition made on the basis of presuming that the figures written ...