Search Assessment Additions Deleted: ITAT Voids High-Pitched Estimates Without Evidence Reason

Nasser Aziz Vs DCIT (ITAT Hyderabad) When Revenue Assumes & Not Proves, ITAT Removes – High-Pitched Additions Without Evidence?- ITAT Says Absolutely Not- Search Gave Jurisdiction, But Facts Gave Victory – ITAT Sides with Assessee on Merits This case arose out of a search conducted on Assessee &  its group, leading to assessments under section 153A. The Assessing Officer made several additions alleging unexplained investments &  on-money payments based primarily on loose sheets &  statements of third parties. Assessee challenged these additions before  CIT(A) , who ...