Uncorroborated Retracted Statements and Dumb Documents Insufficient for Tax

EI Resorts & Clubs Pvt Ltd Vs DCIT (ITAT Mumbai)

Invalid DIN & Faceless Violation Render Reassessment Void-Excel Sheets Are Dumb Documents: ITAT Mumbai Deletes ₹13.55 Cr Addition- Uncorroborated Statements Can’t Tax Imaginary Cash 

Key Issue:

Additions u/s 69A/69B on basis of excel sheets & statements recorded during search in the case of the Sakseria Group regarding alleged cash investments in land.

Facts:

Assessee, part of the Sakseria Group, was

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