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No addition On mere Money Declaration by Builder Without Independent Evidence
Case Law Details
- Case Name
- Sandipkumar Natwarlal Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Ahmedabad
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Sandipkumar Natwarlal Patel Vs ITO (ITAT Ahmedabad)
Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has ruled in favor of Sandipkumar Natwarlal Patel, an individual assessee, setting aside an income addition of Rs. 8,01,000 made under Section 69 of the Income-tax Act for the Assessment Year 2013-14. The addition, confirmed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi, was based solely on a third-party disclosure to the Income Tax Settlement Commission (ITSC) without independent corroborating evidence.
The case originated from information receiv...
