No addition could be made merely on basis of seized excel sheet which was a mere dumb document

Tarun Kumar Goyal Vs ACIT (ITAT Hyderabad) Conclusion:  Addition of on-money payment made in both these assessees’ hands on the basis of a mere dumb document and not corroborated by any other evidence was not sustainable as the department had failed to corroborate the impugned seized document indicating assessee’s alleged on money payment over and above the sale price itself. Held: Department had carried out the impugned search dt.02-11-2016 in twin assessee’s cases namely Sri T and Sri A/vendees as well as the vendor M/s.W and other parties. The same culminated in Section 153A proceedi...