Addition Deleted as Based Solely on Unverified Third-Party Information Without Evidence Linking Assessee

ITO Vs Shweta Manish Jain (ITAT Ahmedabad) Bogus entry theory collapses: Unsigned data, no cross-examination, no evidence — ITAT Ahmedabad upholds deletion of u/s 69C addition Ahmedabad Tribunal dismissed Revenue appeal & upheld deletion of addition of ₹10,00,059 made u/s 69C on allegation of accommodation entries. Tribunal noted that reassessment was triggered merely on generic Investigation Wing information alleging bogus entries from a third party, without any primary evidence, bank trail, statement or document linking Assessee with alleged entry provider. AO neither confronted Asse...