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Addition Based on Loose Papers Without Evidence Not Permissible in Law
Case Law Details
- Case Name
- DCIT Vs Aarya Developers (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
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DCIT Vs Aarya Developers (ITAT Ahmedabad)
The case of DCIT vs. Aarya Developers before the ITAT Ahmedabad is a landmark in the annals of tax jurisprudence, particularly in the domain of real estate development and construction. This legal battle, culminating in a decision on January 12, 2024, revolves around the contentious issue of unaccounted profits from the construction business for the Assessment Year 2014-15. At the heart of the dispute were the additions made by the Revenue to Aarya Developers’ income, alleging unaccounted profits from the sale of flats and penthouses in thei...





