Addition Deleted Because Property Purchases Were Proven as Stock-in-Trade, Not Unexplained Investment

ACIT Vs Sikander Daredia (ITAT Hyderabad)

Best-Judgment Addition of ₹14.34 Crore Collapses After Remand Verification — Purchases Proven as Stock-in-Trade; Revenue’s Appeal Dismissed by Hyderabad Tribunal

ACIT Vs Sikander Daredia – ITA No.604/Hyd/2025 – AY 2018-19 – Order dated 12.11.2025

In this Revenue appeal, Tribunal examined an ex-parte best-judgment assessment where the AO treated ₹14.34 crore of land purchases as unexplained investment u/s 69 due to non-compliance by the Assessee during scrutiny. Before CIT(A), the Assessee produced complete books,

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