No Addition for mere appearance of Assesees name in documents found during Search

Neelam Nitin Sankhe Vs CIT (ITAT Mumbai)

The only reason for making addition of Rs.27.00 lacs in Assessment Year 2013-14 and Rs.5.00 lacs in Assessment Year 2014-15 is that the name of assessee appeared in some document found during the search action in the case of Ameya Group(supra). There is nothing on record to further corroborate as to on what account cash was paid by Ameya Group to the assessee. Further, it is not clear from the documents on record that as to whether the name of Smt. Neelam Sankhe mentioned in the documents seized from Ameya Group

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