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No Addition u/s 69A if name of Assessee was not mentioned in seized documents
Case Law Details
- Case Name
- Mahesh Narayan Joglekar Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
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Mahesh Narayan Joglekar Vs DCIT (ITAT Mumbai)
Conclusion: Additions made under section 69A against assessee for Assessment Years (AYs) 2011-12 to 2018-19 was deleted as proceedings initiated on the basis of seized documents which did not mention assessee’s name were unsustainable.
Held: Search was conducted on 6 October 2017 at the premises of Evergreen Enterprises and its associates. Revenue alleged that Joglekar had advanced unaccounted cash loans of ₹30 lakh through Evergreen Enterprises and earned interest thereon. Based on this information, AO reopened AY 2011-12 and further made add...
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