Section 69 Addition Unsustainable Without Evidence Beyond Accused’s Confession

Brij Kishore Kochar Vs ACIT (ITAT Delhi) ITAT Delhi held that mere confession of accused cannot be a ground for conviction since the same is not supported by credible evidence on records. Accordingly, addition under section 69 of the Income Tax Act deleted. Facts- A search action u/s 132 was conducted in the case of one Aerens Group on 17.08.2011. In response to notice u/s 153A of the Act, the assessee filed return of income declaring income of Rs. 26,69,140/-. An Hon’ble Co-ordinate Bench of this Tribunal, vide its order in ITA No.-1235 dated 12.05.2016, restored the matter to the file of A...