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Section 153C Additions Deleted – Hazir Johri Software Entries Held Unreliable Without Corroboration
Case Law Details
- Case Name
- Brijesh Kumar Verma Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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Brijesh Kumar Verma Vs DCIT (ITAT Delhi)
The ITAT Delhi allowed the assessee’s appeals for AY 2016-17 & 2017-18 and deleted additions made u/s 69A based on entries found in the “Hazir Johri” software seized during search on Jindal Bullion Ltd (JBL) Group. The AO had treated peak credit of ₹70.27 lakh and estimated profit @2% as undisclosed transactions solely relying on digital ledger entries and statements of third-party employees. The Tribunal observed that the seized data belonged to JBL and not to the assessee; therefore presumption u/s 292C could not be applie...
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